The Advisors' Blog

– Liz Dunshee

Directors with global experiences & backgrounds are in high demand – but is it fair to expect them to travel to in-person meetings across the world? This Pearl Meyer blog offers a few “outside the box” ways that companies could consider handling that:

– Bifurcated pay structure – increase pay for directors who live more than eight (pick your number) time zones from company headquarters
– Offer first-class travel for the board director and spouse or significant other
– Cover the cost of staying a few extra days at the hotel used for board meetings
– Discuss in advance and agree on whether a director can participate in several board meetings by phone or video conference
– Agree to hold several board meetings at locations that may better accommodate board members who live outside of the US (aka, the “spread the pain” solution)