Corporate directors saw modest comp growth in 2011
Compensation among outside directors at the countrys largest corporations faced modest gains for the second successive year, suggesting salary increases for these positions are back to prerecession levels, according to an annual analysis by global professional services company Towers Watson.
By Amanda McGrory-Dixon|October 24, 2012 at 05:14 AM
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Compensation among outside directors at the country’s largest corporations faced modest gains for the second successive year, suggesting salary increases for these positions are back to prerecession levels, according to an annual analysis by global professional services company Towers Watson.
Additionally, the analysis reveals that while overall pay levels held mostly stable, companies are still looking to improve their director pay packages’ designs, which is attributed to internal and external pressures. In 2011, compensation for directors rose 5 percent from 2010, similar to the 6 percent median increase in 2010. The higher compensation is mostly due to increasing levels of stock compensation as a mirror of growing stock prices for many U.S. companies in 2011.
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