Board of Directors Compensation
Today’s board members are heavily invested in their roles; full board meetings, committee meetings, teleconferences and board education occupy their time. As activist investor pressure continues, we have seen several board members “voted off the island,” which adds reputational risk to an already time-consuming job.
Increased demands coupled with the unique requirements of each board means board pay should be fair, but not egregious. Farient provides a number of services to keep boards of directors’ compensation defensible and balanced. From board peer reviews to development of compensation programs and board evaluations, we continue to work across all industries to make board compensation relevant to the market, fair to board members and a non-event for onlookers.