Bonnie Schindler
Partner [email protected] 847-636-8919
Susan Schroeder
Partner [email protected] 310-426-2340
Bertha Masuda
Partner Emeritus [email protected] 310-541-6233
Joshua Hovden
[email protected] 212-921-9350


This report is a summary analysis of a joint study by Compensation Advisory Partners, Family Business and Private Company Director magazines.

Summary Report

Board members at privately held and family-owned companies play an important role in governance and oversight, and should be appropriately compensated for their contributions and efforts. An important question facing private companies is: What is the appropriate amount of compensation for these board members? This question has historically been difficult to answer because of a lack of data on private company board pay.

To address this data deficiency, Family Business and Private Company Director magazines and Compensation Advisory Partners (CAP) launched The Private Company Board Compensation and Governance Survey in 2019. The new 2020 iteration drew 982 responses. The high number of survey participants illustrates the enthusiasm for this data.