2023 Study of Board Compensation Practices of 600 Mid-Market Public Companies

The pay levels for board directors have been increasing as the board members’ responsibilities grow with the need to fully understand and navigate the challenges arising from a variety of areas including geopolitical risk, regulatory complexities, macroeconomic shock, climate/environmental challenges, and technology advancements. Given these changes, it’s important to have a deeper understanding of the board compensation trends—including a move toward fixed-fee retainers and away from per-meeting fees—to help attract and retain experienced and talented board members, who need to continue to provide oversight skillsets necessary for companies to succeed in an increasingly dynamic and complex marketplace.