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


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


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. However, the appropriate amount of compensation has been difficult to determine due to the lack of available market data on private company board pay.

To address this data deficiency, Compensation Advisory Partners (CAP) and Family Business and Private Company Director magazines conducts our Private Company Board Compensation and Governance Survey. The new 2022 third edition of the survey contains over 1,200 responses, an increase of about 300 participants from the prior full version of the survey in 2020. The high number of survey participants illustrates the enthusiasm and need for this data.