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Nasdaq's rules say that an independent director must not be an officer or employee of the company or its subsidiaries or any other individual having a relationship that, in the opinion of the company's board of directors, would interfere with the exercise of independent judgment in carrying out the responsibilities of a director. [4]
Even with compensation limits, the position of director in large companies is an enviable one with strong incentives not to rock the boat and be pushed out. Pay for Fortune 500 directors averaged $234,000 for 2011, [180] and trade group survey found directors spend an average of a little over four hours a week in work concerning the board. [181]
The perks in the "other compensation" category included a $28,885 life insurance premium, a $1,100 health club allowance, $24,283 for a car lease and $25,760 for club dues.
Executive Schedule (5 U.S.C. §§ 5311–5318) is the system of salaries given to the highest-ranked appointed officials in the executive branch of the U.S. government. . The president of the United States appoints individuals to these positions, most with the advice and consent of the United States Sena
Georgia State athletics director Charlie Cobb had an even tougher task when hiring Dell McGee to replace Elliott. McGee actually took a $2,000 pay cut from the $852,000 he made as an assistant ...
Average CEO Pay is calculated using the last year a director sat on the board of each company. Stock returns do not include dividends. All directors refers to people who sat on the board of at least one Fortune 100 company between 2008 and 2012. The Pay Pals project relies on financial research conducted by the Center for Economic Policy and ...
Director – a person appointed to serve on the board of an organization, such as an institution or business. Inside director – a director who, in addition to serving on the board, has a meaningful connection to the organization; Outside director – a director who, other than serving on the board, has no meaningful connections to the ...
Here are eight well-known individuals from different backgrounds currently sitting on corporate boards: Deepak Chopra, MD, ... and currently serving as managing director of Diamond Edge Capital ...