Rewarding Oversight: Exploring Board Member Compensation

On today’s episode, we’re joined by Ron Rosenthal⁠, Lead Consultant of Meridian Compensation Partners, LLC⁠ and ⁠Michael Powers, Partner of Meridian Compensation Partners, LLC. Michael and Ryan discuss the nuanced approaches and considerations involved in compensating board members and transitioning CEOs. Key Takeaways: (01:10) An overview of the three major components of director compensation: retainers, equity awards and committee pay. (05:34) Equity grants are the majority of a director's total annual compensation. (07:55) Exploring the trend of moving away from stock options due to misalignment with a director's fiduciary role. (08:13) Discussing a lack of incentive or performance-based compensation for directors. (12:11) Governance considerations around directors approving their own pay packages. (15:26) Why the recent Tesla lawsuit settlement related to director pay. (18:01) Exploring compensation for board leadership roles like Chair, Lead Director and Executive Chair. Resources Mentioned: Michael Powers - https://www.linkedin.com/in/michael-powers-6606546/ Ron Rosenthal - https://www.linkedin.com/in/ron-rosenthal-a48ab5ab/ Meridian Compensation Partners, LLC - https://www.linkedin.com/company/meridian-compensation-partners-llc/ S&P 500 Director Pay Trend Report - This episode is brought to you by Meridian Compensation Partners, LLC. Learn more by visiting MeridianCP.com.   #Compensation #Wages #SPAC #Equity #ExecutiveCompensation #Clawback

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