More than half of S&P 500 boards modified some element of directors’ pay in 2022, whether through boosting equity grants, annual cash retainers or another element of board compensation in a bid to keep pat at competitive levels, said consultants.

…A look at 2022 director compensation disclosures using public company intelligence provider MyLogIQ shows that such boards as Automatic Data Processing, Becton-Dickinson & Co, Broadridge Financial Solutions, Copart, General Mills, ResMed, Tyson Foods, Visa, and Western Digital made changes to director pay programs, including increases to cash or equity retainers, or both, in addition to other modifications.