Which of the following statements about compensation of outside board members is true?

Question

Quizplus · Accepted Answer

Outside board members are usually paid an annual retainer, which is a fixed fee provided for their services. This retainer is usually supplemented with company stock, which serves as an incentive for them to work in the best interest of the company's shareholders. Outside board members do not work full-time for the firm, so they are not paid a monthly salary like full-time employees. Perquisites and pensions are not typically provided to outside board members.

Which of the Following Statements About Compensation of Outside Board