Template: Board Resolution Approving Compensation for Board of Directors Template

What is a Board Resolution Approving Compensation for Board of Directors Template? Growing companies have growing needs. New trends are developing as smaller companies looking for rapid expansion bring on experienced mentors to fill the Board of Director positions. And to attract top mentors….you need compensation. As to how various size companies are paying their boards and how they are breaking down the compensation…that is another story.

But today, I was in need of a document to set forth the basic pay and guidelines for Warfare Marketing, Inc.

Why do I need a Board Resolution Approving Compensation for Board of Directors Template?

If your board is getting paid…that needs to be documented! Weird, I know. You will need to consider several variables that affect board of director compensation and the nature of the contract, including:

• Structure of the business
• Number of yearly meetings
• Nature of the industry
• Size of the business
• Role in strategic planning
• Decision-making participation
• Real or potential litigation concerns…