BRENTWOOD, TENN., May 20, 2015 – Bank boards were more highly paid in 2014, report the bank executives and directors responding to Bank Director’s 2015 Compensation Survey, sponsored by consulting firm Compensation Advisors, but it was money well earned: The median hours per month that directors devote to meetings, business development, education and other board obligations rose 33 percent, to 20 hours per month.
The 2015 Compensation Survey reveals what bank chief executive officers and directors were paid in fiscal year 2014, the benefits they receive, and how bank leaders prefer to be compensated by their organizations. The survey was completed by 281 independent directors and senior executives of U.S. banks in March and April. Supplemental data on director and CEO compensation for fiscal year 2014 was collected from the proxy statements of 90 publicly traded banks.
Key findings include:
ABOUT BANK DIRECTOR
Since 1991, Bank Director has served as a leading information resource for the directors and officers of financial institutions. Through its quarterly Bank Director magazine, executive-level research, annual conferences, and its website, BankDirector.com, Bank Director reaches the leaders of the institutions that comprise America’s banking industry. Bank Director is headquartered in Brentwood, Tennessee.
ABOUT COMPENSATION ADVISORS
Since 2005, Compensation Advisors has served the community banking industry providing guidance on the latest compensation and hiring developments. As industry experts they convey insightful strategies and solutions to help retain, recruit and reward critical talent at all levels. Compensation Advisors works with financial institutions across the United States delivering: Executive and Director Compensation Reviews, Pay-for-Performance Incentive Plan Structures, Equity Allocation Plans, Benefit Plan Designs, Base Salary Reviews (company-wide), Risk Assessments, Regulatory Updates and Compensation Committee Governance. Visit the website at www.compensationadvisors.com.
Contact: Emily McCormick, director of research, (615) 777-8471, firstname.lastname@example.org
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