The “Private Company Board Compensation and Governance Survey” (executive summary report) from Compensation Advisory Partners (CAP) and Private Company Director and Family Business magazines reveals otherwise scarce benchmarking data on director pay and select governance practices based on a recent survey of 633 respondents across ownership structures, with 40% associated with family-owned companies.
Key pay findings are summarized here:
Median annual retainers and meeting fees are broken out by company size (revenue) on page 6.
Noteworthy governance results include:
Board composition
- Board size: Median of seven with a range of five to eight
- Director independence: 50% inside | 50% independent / outside
- Board demographic diversity: Female directors are represented on 76% of boards | Black, Asian, Latino, or multiracial directors are represented on 32% of boards.
Board leadership
- 31% have outside board chair | 30% have lead independent director
Meetings
- Four in-person meetings and two virtual meetings on average