I did not find a whole lot of value in the Investors Right Association of America website. However, there were some articles posted there that had some interesting comments in them. The following are excerpts from these articles:
"Besides annual retainers, which averaged about $30,000 last year, board members typically receive meeting fees, stock options, stock grants, and pensions. The upshot: The average director of a large company got about $83,000, according to a survey of 200 companies by Pearl Meyer & Partners Inc., a benefits consultant."
Source:
HOW MUCH SHOULD IT TAKE TO KEEP THE BOARD ON BOARD?
By John A. Byrne in New York April 17, 1995
iraa.com
"Federal regulations require a shareholder or any group of shareholders wanting to submit a proposal to hold at least $1,000 worth of stock in that company for at least one year."
Source:
For The 'Little Guy' / In Pursuit Of Change, Group Eyes Small Investors
Newday July 27, 1997.
By Pradnya Joshi.
iraa.com
There was also the following link which might be interesting to check out:
corpgov.net
Judging by the first excerpt, it would seem that our directors are substantially overpaid. Judging by the second excerpt, it would guess that few, if any of us, meet the requirements for submitting a formal proposal.
TKA |
