Magazine : Archives : 3rd Quarter 2015

Are Bank Directors an Undervalued Asset?

One could easily argue that the job of a board member has never been tougher, or more time consuming. Bank Director’s 2015 Compensation Survey bears this out. Whether logging hours in meetings, drumming up business in the community or reviewing bank-related materials at home, the time spent by directors on board activities rose five hours within the past year, to a median of 20 hours a month, up from 15 hours as consistently reported by the survey’s respondents since 2010. More time spent on board matters has come with an uptick in board pay. But is it enough? Do banks,...