Why You Need M500 CUSTOM REMUNERATION REPORT For Compensation Analysis of Board Members Before we start this article, we would like you to ask these questions yourselfHow often do you analyze how much to pay your board members? How can you tell if you are paying too much or not enough? As we all know, the Board of Directors plays a very important role in running a company and there are many benefits that come with a well-functioning board of directors.
In fact, some would say that a properly functioning board can increase the value of an organization by as much as 20% over its competition. But when it comes to board compensation we have seen many companies tend to struggle with it because it is difficult to find accurate benchmarks for director pay. A company's size, industry, structure, complexity, and number of yearly meetings are some of the variables they can use to determine remuneration for their board. This is where Data-Driven Board Compensation Analysis comes into play.