Do they get paid for there time, stock options??? What is the point, unless theyre just doing it for fun.
2006-09-22 10:28:23 · 6 answers · asked by msol800 2 in Business & Finance ➔ Corporations
Typically how much compensation do they get???
2006-09-22 11:51:48 · update #1
There are many perks for sitting on the board of directors. Believe me, it is not fun and games. You have to have certain skills and contacts in a given field that would be of benefit to the corporation. You are given assignments to carry out for the board based on your area of expertise.
The pay and benefits will vary with the size of the organization. The larger organizations can pay six figures or more plus stock options. They will also pay or reimburse you for your travels to the meetings during the year. They usually meet three or more times a year.
2006-09-22 12:50:13 · answer #1 · answered by fijisun 2 · 0⤊ 0⤋
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2016-10-15 07:39:00 · answer #2 · answered by benavidez 4 · 0⤊ 0⤋
Yes, they get paid plus they get stock options. Of course the amounts vary for different corporations.
2006-09-22 11:14:24 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Compensations. It's way past "fun".Why be President of anything. Prestige doesn't do it.Sitting on a board is a deception. No one is just "sitting".
2006-09-22 10:41:34 · answer #4 · answered by ? 4 · 0⤊ 0⤋
they get paid to be a director
2006-09-22 10:30:46 · answer #5 · answered by paysdividends 1 · 0⤊ 0⤋
less tax i think
2006-09-22 10:37:57 · answer #6 · answered by clare p 3 · 0⤊ 0⤋