Boardroom pay in America went up by an average of 19.6 per cent last year, while individual company directors pocketed an extra 16.5 per cent, a U.S study has calculated.
The research by research body Board Analyst also reported that the average total board compensation was $801,500 (£455,460).
The study, covering more than 2,000 U.S corporations, was gleaned from an analysis of company returns, as well as data on committee membership, chairmanship appointments, number of meetings held, tenure and director status, and how many directors were on each board in the fiscal years being studied.
"Although there are some highly-compensated directors and highly-compensated boards, what surprised us the most was that, in general, director compensation was so moderate, particularly as directors are the one group of workers who are mandated to set their own pay," said Paul Hodgson, senior research associate with board analyst.
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