Directors of Fortune 500 companies consequence some-more than a entertain million dollars annually, according to a brand new investigate which marks median compensate for house members.
Compensation for non-executive house members rose 4% from $240,000 in 2013 to $250,000 in 2014, an all-time high, Towers Watson found.
Stock awards represented a larger commission of house remuneration as marketplace increases fueled growth. While median money remuneration for house directors stayed prosaic at $100,000, median batch remuneration ticked up 7% to scarcely $140,000.
Board members embrace about 56% of their remuneration by batch and 44% by cash.
Towers Watson complicated 470 publicly traded Fortune 500 companies.
The association pronounced fewer companies have been restraining remuneration to the series of meetings scheduled via the year.
“Moderate annual increases in senior manager remuneration have turn the norm. They means companies some-more carry out over compensation,” pronounced Paul Conley, U.S. West multiplication personality for senior manager remuneration at Towers Watson, in a statement.
“As final and pressures on directors go on to rise, quite by cabinet work and ongoing regulatory changes, we design companies will go on to weigh their senior manager remuneration programs in sequence to capture and keep the many competent directors and safeguard ongoing competitiveness.”
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