Survey: Median Annual Pay for Private Company Directors is $30,000: Most private firms compensate board members; 12% do not.

Author:Spector, Barbara
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Most private companies pay their board directors an annual retainer, and the median annual retainer is $30,000, according to a new survey on private company board compensation.

Nearly three-quarters (72%) of the survey participants pay their directors an annual retainer, says Bertha Masuda, a partner with Compensation Advisory Partners (CAP). The firm, along with Family Business and Private Company Director magazines, conducted the 2019 Private Company Board Compensation and Governance Survey.

The survey--unveiled at the Private Company Governance Summit earlier this month--included online responses from more than 600 private companies with a broad range of revenues and ownership structures. More than 50% report annual revenues over $100 million, and about a quarter generate annual sales in excess of $500 million. Thirty...

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