Director Compensation

Setting Pay for Directors at Growing Private Companies

By Bob Romanchek and Ed Hauder

02/20/2024

Directorship Magazine

Growing private companies need to carefully consider how to best establish pay for their independent directors. Private companies should consider several items when doing so, including where the company is in its business cycle, how the company is performing compared to market peers, and what skills new directors will need to assist the company in achieving its strategic goals and objectives. Additionally, if a public offering is planned for the near or intermediate term, the director pay package will need to eventually transition to public company practices in its size and design...

Meridian Compensation Partners is an NACD partner, providing directors with critical and timely information, and perspectives. Meridian Compensation Partners is a financial supporter of the NACD.

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Bob Romanchek
Bob Romanchek is a partner at the executive compensation consulting firm Meridian Compensation Partners in Lake Forest, Illinois.

Ed Hauder
Ed Hauder is a lead consultant at Meridian Compensation Partners.

 


This article is from the Winter 2024 issue of Directorship.