Survey Results: Director Compensation


This a survey on director compensation limits in the wake of the 2015 Citrix case & the follow-on settlements: 

1. When it comes to limits on our director pay (select only one):
  Answer Responses Percent  
Yes, we have adopted limits since Citrix 37 51.4%
Yes, we had limits even before Citrix 16 22.2%
No, we don’t have limits 19 26.4%

2. For those that have limits, our limits apply to (select only one):
  Answer Responses Percent  
Cash only 0 0.0%
Equity only 32 56.1%
Both cash & equity 25 43.9%

3. For those that have equity limits, our limits are based on (select all that apply):
  Answer Responses Percent  
Dollar limit 45 84.9%
Share limit 17 32.1%

4. For those that have limits, our limits are based on (select all that apply):
  Answer Responses Percent  
Multiple of annual compensation 19 34.5%
Maximum number based on estimates of future compensation for a set period 20 36.4%
Other 19 34.5%

5. For those that have limits, our limits are based on (select all that apply):
  Answer Responses Percent  
Peer review 24 43.6%
What we could derive from the case law & settlements 11 20.0%
Our discretion 32 58.2%
Other 9 16.4%