The Board of Director Compensation and Committee Best Practices
Determining board compensation is often the responsibility of the Compensation Committee. In this session, we will discuss director compensation trends and findings from our recent 2021 board compensation survey. A general breakdown of the various components included in the total director compensation package will be provided along with market data at the national level. Both cash and equity will be discussed along with retainers, per meeting fees, committee fees, and chair fees. This session will also summarize any relevant compensation regulations and their impacts on director pay. In addition, we will cover Compensation Committee best practices including developing a committee charter, creating a calendar, composition of the committee, expertise needed for committee participation, and determining meeting agendas.