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.
