Boards have begun making small adjustments to director compensation programs, bringing cash and equity retainers up to market medians and making precision increases to committee and board leadership retainers after two years of leaving pay untouched.

A look at 2022 proxy statements filed so far among Russell 1000 companies using public company intelligence provider MyLogIQ shows that boards have been reviewing compensation with pay consultants in recent months. Boards are opting to grant raises for individual roles that have seen time requirements expand or incremental adjustments to annual cash or equity retainers to align compensation with the 50th percentile of company peer groups.