31 August 2008 - 16:12Distribution Board
Upper Saddle River, NJ - April 10, 2007 - Compensation Resources, Inc. (CRI) has released results of its Board of Directors Compensation Survey 2007. The purpose of this study was to obtain compensation, benefits, incentives and general information for the board of directors. Data were collected in February and March 2007, and was compiled from survey questions that have been developed by CRI and distributed to companies in over 13 industrial classifications, representing publicly traded, unlisted, and organizations nonprofit. The following table provides a summary of compensation data in reference to the Board:
Summary Overall all respondents (average)
Meeting in person Fee ($) $ 1,700
Telephone Meeting Fee ($) $ 1,200
Annual Compensation Chair ($) $ 32,500
Annual remuneration of directors ($) $ 27,200
Just over half (51.4%) of respondents indicated that the position of President / CEO is divided into two separate items. Interestingly enough, with all recent concerns of corporate governance, publicly traded (60.9%) held by individuals (60.4%), companies do not their President / CEO position split, but 80.5% of nonprofit organizations that have split positions in different roles.
Only 30.2% respondents indicated that their director compensation has increased over the last 12 months. However, among those who reported an increase of 26.0% percent was the average pay rise of the director. For companies that do not provide an upgrade last year, the majority of them (67.8%) also indicated that compensation should not be increased.
In general, the majority of participants rated their Council as effective in the following areas: Board / Compensation Committee, outside counsel, executive compensation philosophy, monitoring executive compensation, and annual approval and review. Almost 40% of respondents, however, that the Council has been somewhat effective in the field of benchmarking.
About the Author:
Paul R. Dorf is the Managing Director of Compensation Resources, Inc. He is responsible for directing consulting services in all areas of executive compensation, short and long-term incentives, sales compensation, performance management systems, and pay-for-performance salary administration. He has over 40 years of Human Resource and Compensation experience and has held various executive positions with a number of large corporate organizations. He also has over 20 years of direct consulting experience as head of the Executive Compensation Consulting Practices for major accounting and actuarial/benefit consulting firms, including KPMG, Deloitte Touche Tohmatsu (formerly Touche Ross), and Kwasha Lipton.
Article Source: ArticlesBase.com - Compensation Resources, Inc. Releases Its 2007 Board of Directors Compensation Survey
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