Thursday, 29 July 2010 15:38

Canadian Boards Report - Board Member Meeting Fee Featured

Written by
Rate this item
(0 votes)

The median board member meeting fees of all companies surveyed in the Entrepreneurial Boards Composition and Compensation Survey: The Canada Report range was zero. (See Figure 4.1.) We can assume, then, that board member meeting fees are rare, however some companies from both Canada and the U.S. reported compensating board members as much as $1,000 per meeting. The results were based on a revenue-matched sample of Canadian and U.S. corporations.

The board meeting fee in the SV100 survey was $2,056 on average and $2,600 for companies under $250 million in annual revenue. 42% of the companies in the Silicon Valley survey paid board meeting fees.

This is not surprising as entrepreneurial companies are often short on cash and would avoid paying additional fees to board members. Also, given the small number of independents, there is no need to pay cash to existing investors, venture capitalists or officers.

Figure 4.1: Board Member Meeting Fee - Canada vs. U.S.

Board Member Meeting Fee - Canada vs. US

Based on a revenue matched sample of Canadian and U.S. corporations

Read 17 times
Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults, garage.ca, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

www.vell.com/

Leave a comment