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Study: cash retainers for board service reach new highs

Joe Mont | July 20, 2016

While median pay for outside directors at the nation’s largest corporations increased modestly in 2015, the growing trend of taking a fixed approach to director pay drove the annual cash retainer for board service to $100,000 for the first time, according to an annual analysis of director compensation at Fortune 500 companies.

The study, by Willis Towers Watson, a global advisory firm, found that the median total direct compensation for directors climbed 3 percent last year, to $263,500, an increase from nearly $255,000 in 2014. Total compensation, which includes cash pay, and annual or recurring stock awards, increased 4 percent the previous year. The median value of cash compensation increased 6 percent in 2015, to more than $108,000. Meanwhile, the value of stock compensation rose 3 percent at the median,...

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