Boardroom Comp Under Covid

Director pay will, of course, be transformed in the current environment. But what that means and how it plays out will vary widely. A roadmap.

Pre-pandemic, board compensation practices had become static and homogeneous, even as the role of non-employee directors continued to expand—but that was before the pandemic launched a global economic crisis.

CBM recently spoke with Jim Heim, a lead consultant with Meridian Compensation Partners, about how the market downturn, coupled with a clear desire on the part of board leaders to set the right tone at the top, will impact director pay practices.