Excerpt: "Greater regulatory requirements and shareholder desire for increased accountability have led to greater demands on board members in general and on the audit and compensation committee in particular. Although the rate of increase has slowed in the last few years, a Hay Group study found that board compensation has increased 34 percent over the last five years, or 6.7 percent annually for the top 250 NYSE and NASDAQ companies."
Read more: http://www.boardmember.com/boardroom-committee-interactive/compensation-committee/articles/?C=2102&i=5306
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