Today, board members are clearly spending more time on their board roles with full board meetings, committee meetings, teleconferences, and board education. Compass Total Rewards provides clients with independent and innovative approaches for evaluating, designing, and implementing compensation programs covering your board of directors. We can assist you with determining if your board compensation is competitive and appropriate and if your organization is practicing proper board governance.
We’ll conduct a comprehensive peer group market analysis to determine:
Size of board of directors
Retainers paid for board service
Fees paid for committee work
Terms for directors
Incentives offered to board members
Holdings and retention periods
Board compensation should be reviewed at a minimum of every 3 years.