USA Today: Board Members’ Raises Not as Juicy as They Used to Be
Companies’ rank-and-file share something with the boards of directors, who now are being asked to do more without big raises.
Lacking larger pay increases, more qualified board members will question whether they should continue the job as the demands rise. Companies that wish to attract and retain experienced directors will likely need to offer raises soon that make it worth their while.
Due to this competition for qualified directors, Joe Sorrentino of Steven Hall & Partners expects select board members to receive larger raises next year. But only if companies perform. “We’ll likely see more increases, but only if it’s a better economy,” he says.