It is very important for companies to recruit and retain loyal competent directors. In today’s ever-litigious environment and high shareholders expectations, the director’s role has become very risky and challenging.
Many of the executive benefit plans that have been used effectively for key executives can be modified to meet the needs of your company directors. A director’s benefits plan can help compensate the directors for the increased responsibility of their role. This can enhance recruiting, retaining and rewarding the members who serve on your board of directors.