Research Report | October 17, 2023
2023 Director Compensation Report
By Connor Damon, Jasper Luong, Rachel Chiu

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FW Cook’s 2023 Director Compensation Report studies non-employee director compensation at 300 companies of various sizes and industries to analyze market practices in pay levels and program structure. The sample set of 300 U.S. public companies is equally divided among small-, mid-, and large-cap size segments. Approximately 90% of this year’s sample companies were constituents of last year’s sample, which allows for reliable year-over-year comparisons.

The study includes analyses of compensation for Board and committee service, our findings on equity vesting practices, the prevalence of stock ownership guidelines, the prevalence, design, and magnitude of shareholder-approved limits on annual compensation per director, and prevalence of female and diverse Board members.

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