A board of members or commonly known as a board of directors is a key person in the company. They direct the company for prosperity and collectively take decisions. They also take decisions in the interest of the company and its shareholders. In the United States of America, Fortune 500 companies’ board members earn handsome money on yearly basis.
Did you know? A board member does not work on a daily basis for the company but only takes decisions during the board meeting whenever needed. The list is based on the company’s filing to the SEC. So, let’s find out who are highly paid in the United States.
1: Twenty-First Century Fox Inc. (NASDAQ: FOXA)
Twenty-First Century Fox Inc. was a big name in the market of entertainment. It was acquired by the world-famous entertainment giant Disney in 2019. The company’s average compensation per board member was US$2.58 million. The company paid a whopping US$25.57 million as total board compensation to various members.
2: Regeneron Pharmaceuticals Inc. (NASDAQ: REGN)
Regeneron Pharmaceuticals Inc. is a large biotech company, headquartered in Tarrytown, New York, United States. The company is listed on NASDAQ with stock name REGN. On average compensation per board member for REG was US$2.17 million which is one of the highest among the listed companies. The company has paid a whopping US$23.88 million as total compensation.
3: Incyte Corp. (NASDAQ: INCY)
Incyte Corporation is a large pharma company, headquartered in Wilmington, Delaware, United States. The company is lead by CEO Harve Hoppenot since January 2014. On an average compensation per board member was shocking US$1.13 million. Incyte Corp. has paid US$7.92 million as total board compensation. This is one of the highest among the companies listed on NASDAQ.
4: Fidelity National Information Services Inc. (NYSE: FIS)
Fidelity National Information Services Inc. or commonly known as FIS is a world-famous financial services company. They employ more than 52K people around the world. On average compensation per board member was US$790,388 that is the 4th highest in our list. FIS has paid US$7.90 million as total board compensation.
5: Roper Technologies Inc. (NYSE: ROP)
Roper Technologies Inc. is an American company engaged in several business sectors including engineered products. The company is lead by CEO Neil Hunn since September 2018. On average compensation per board member was US$973,923 that is 5th highest in the list. Roper Technologies Inc. has paid US$7.79 million as total board compensation.
6: The Goldman Sachs Group Inc. (NYSE: GS)
The Goldman Sachs Group Inc. is a world-famous investment bank and financial services company. Its headquarter is in New York City, the financial capital of the US. On an average compensation per board member was US$560,131. The company has paid US$7.34 million as total board compensation. This is based on data from this website.
7: Coty Inc. (NYSE: COTY)
It is the 7th company on this list which pays handsome compensation to their board member. Coty Inc. is engaged in the business of beauty products. They are headquartered in New York, NY, United States of America. On an average compensation per board member for Coty Inc. was US$786,444. They have paid US$6.29 million as total board compensation.
8: General Electric Co. (NYSE: GE)
General Electric Company is a large diversified company, headquartered in Boston, United States of America. They have several business subsidiary companies located around the world. They pay on an average compensation per board member was US$347,825. GE paid a total of US$6.26 million as total board compensation based on the available figures.
9: Philip Morris International Inc. (NYSE: PM)
Philip Morris International Inc. is a world-famous company known for its Marlboro cigarette brand. The company is headquartered in New York, United States. On an average compensation per board member was US$506,626. The company has paid US$6.08 million as total board compensation.
10: Everest Re Group Ltd. (NYSE: RE)
Everest Re Group Ltd. is a large reinsurance company, headquartered in Hamilton, Bermuda. They have a good market share in the reinsurance business of the US. They have paid on an average compensation per board member US$747,278. In total, the company has paid US$5.98 million as total board compensation.