Law360, New York (August 8, 2006, 12:00 AM EDT) -- Heightened oversight and accountability in the corporate world has prompted a surge in executive compensation, according to a study released Tuesday by an independent executive compensation consulting firm.
"Growing oversight, higher visibility, increased accountability, and heavy demand for a limited pool of qualified candidates account for the steady increase in board compensation," said Steven Hall, managing director of Steven Hall & Partners.
Hall said he expected board director remuneration to continue to climb as director responsibilities increased in complexity and scope under the scrutiny of shareholders,...
Study Shows Rise In Director Compensation
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