Perspective: The new director compensation paradigm

A new paradigm for director compensation is emerging -- one that reflects the board's unique governance role. The shift shows up in greater use of retainers instead of meeting fees, full-value equity vehicles instead of stock options, fixed-value rather than shared-based equity awards and variable rather than uniform committee pay. More companies also are adopting ownership guidelines and eliminating director vesting and benefit programs. This Perspective details the director pay trends found in Mercer's research on 350 US companies, including differences based on company size and industry.  (Perspective, 28 Jan 2008, 8 pages)

• Full Perspective (PDF)

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