Corporate Law News

Corporate Boards’ Paychecks Rely Less on Meetings as Work Widens

Sept. 9, 2019, 6:25 PM

Corporate boards, facing a widening workload, are relying less on meeting attendance to determine members’ paychecks.

Only 14% of companies in the S&P 500 index paid directors a fee for attending board meetings in 2018, about half as many as in 2014, according to Mercer research released Sept. 9.

The data reflect how directors’ duties have expanded beyond traditional topics, like succession planning, and into areas, such as cybersecurity, that require rapid reactions outside of scheduled meetings, the consulting firm says.

The shift away from meeting fees also shows how board pay has gotten simpler over the years, now mostly...

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