Emily McCormick, vice president of research for Bank Director
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,...
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Emily McCormick is the vice president of research for Bank Director, an information resource for directors and officers of financial companies.You can follow her on Twitter at twitter.com/ehmccormick or get connected on LinkedIn.