Compensation for Board Members

Board Management
Written By Trevor Hubbard
 

WRITTEN BY: BRAD FELD
FELD THOUGHTS


Brad Feld of Foundry Group has a great post on how to think about compensating board members. We’ve included his framework below- you can read the entire original post with additional notes and context here.

  • 0.25% to 1.00% vesting annually over four years

  • Single trigger acceleration on change of control

  • Clear understanding as to how the vesting will work if the board member leaves the board

  • No direct cash compensation

  • Reimbursements for reasonable expenses

  • Opportunity to invest in the most recent financing



Originally Published:
April 3, 2005, Compensation For Board Members, Brad Feld- Feld Thoughts / Foundry Group

 
Trevor Hubbard
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