Thread Starter: Jokerman
Title: Re: Director Compensation
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It's not clear to me what the original poster's bank's director compensation plan is - are they paid on the basis of attendance at particular meetings, or are they paid a flat monthly fee?
I've surveyed this several times at peer banks and have seen a wide variety - from bank's who pay a flat amount per month, those who pay a flat amount per committee/chairmanship, and those who actually pay based on which meetings you show up to (e.g., $X per regular monthly board meeting, $Y per audit committee meeting, $Z per loan/discount committee meeting, etc.).
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