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Director Compensation Plan - Mid Stage Company
This is an example director compensation plan for mid stage companies (total capitalization of $10 to 50 million.)
Director Compensation Plan - Cash Retainers and Meeting Fees
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(1) Phone meetings are usually paid at 50% of face to face meetings.
(2) Committee meetings are usually paid at 50% of board meetings.
(3) Annual, or bi-annual, retreats are usually paid at the same rate as board meetings (in other words this additional contribution of two to five days per year is 'built in' to the annual retainer). The retreats are mandatory for all active (i.e. paid) directors.
Notes:
1. These are current cash compensations for engaged, active boards that are recruiting for good quality, independent directors.
2. In addition to this cash compensation there is an equity compensation of of approximately equal value.
3. These are based on our survey results from late 2006 and the other surveys described on that page.
4. These assume the Chair is very active and contributing about 50% to 100% more time than a typical independent director.
5. This data also correlates well to the small amount of other data available.
6. In a follow up post in mid 2008, it seems that director compensations are continuing to rise and that these numbers may now be low.
