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Pay to corporate directors grew last year at a slower rate than in 2004 as boards absorbed rules changes brought about by accounting scandals, a new study by Mercer Human Resource Consulting shows.
The study, released Monday, said corporate directors received an average 6.1 percent increase in compensation in 2005, versus a 17.8 percent rise in 2004. That compares with a 5 percent boost for chief executives and an average 5.5 percent rise for workers at private companies across the nation last year.
As director pay raises grew less sharply, the median base salary for chief executives remained flat at $975,000, according to a Mercer study released in April.
