Shearman & Sterling LLP
4
8
3
8
10
1
3
3
5
5
12
3
4
15
17
3
9
2
9
1
2
Lead Director and Non-Executive Chair Retainers
Seventy of the Top 100 Companies have lead directors and 30 have non-executive chairs of the board (down
from 81 and 31, respectively, in 2009). Given the increased time commitment and responsibilities for these
directors, many of the Top 100 Companies have elected to pay enhanced fees to these directors and, in many
circumstances, where additional fees are already paid to those in these roles, are increasing those fees.
Lead Director Retainers
Forty-one of the Top 100 Companies pay an additional retainer to the lead director, compared with 55
of the Top 100 Companies surveyed in 2009 and 31 in 2007. The fees paid to lead directors range from
$5,000 to $80,000.*
Director Compensation — Committee Fees | 55
**Data was not collected prior to 2007. Data for 2007 and 2009 combines lead directors and non-executive chairs.
0 20 Number of Companies 2009 2008 2007
Non-Executive Chair Retainers
Of the 30 Top 100 Companies that have non-executive chairs, 20 pay enhanced fees to the chair.
The aggregate fees paid range from $90,000 to $844,651.**
** Prior to 2010, data was aggregated with lead/presiding director retainers.
$9,999 or Less
$10,000–14,999
$15,000–24,999
$25,000–29,999
$30,000–34,999
$35,000–49,999
$50,000 or More
