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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 job also gives valuable business and social connections and sometimes perks (such as free company product).
At a spill meeting all directors current at the time the remuneration report was considered are required to stand for re-election. [61] Independent non-executive director setting of compensation is widely practised. [62] An independent remuneration committee is an attempt to have pay packages set at arms' length from the directors who are ...
A board of directors is an executive committee that supervises the activities of a business, ... Setting the salaries, compensation and benefits of senior management;
He joined the Board of Directors on September 7, 1993, and served as chairman of the board between May 12, 1998, and May 14, 2013. [2] While CEO of Safeway in 2009, he earned a total compensation of $10,901,892, which included a base salary of $1,449,000, a cash bonus of $358,627, stock awards of $491,611 and options granted of $6,922,200.
The NYSE and NASDAQ stock exchange standards for independent directors are similar. Both require that "a majority of the board of directors of a listed company be 'independent,'" [2] Both allow compensation for directors of $120,000/year or less (as of August 2008).
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
The Packers Foundation is organized as a 501(c)(3) organization [27] that is led by a 10-person Board of Trustees drawn from the Green Bay Packers Board of Directors. The Trustees review the yearly grant applications submitted to the Foundation and decide how much money is to be provided to each applicant.
He had also been promoted to board chairman in 2006. [13] During his tenure as CEO, the company's annual sales grew from $1.9 billion [14] to $49.2 billion. [15] On July 27, 2015, Chuck Robbins replaced Chambers as CEO of Cisco Systems. [16] Following his tenure as CEO, Chambers remained on the board until 2017, when he retired from the company.