Partners Susan Schroeder and Bonnie Schindler, together with Senior Associate Louisa Heywood, wrote an article discussing the findings of their sixth edition survey on private company director compensation. The article examines pay mix, pay levels, vehicle prevalence, and the evolving governance and workload among private company directors. The 2025 Private Company Board Compensation and Governance Survey draws on a robust dataset of 633 respondents who certified their data in April 2025.

As competition intensifies for attracting and retaining diverse and skilled directors, private companies are reviewing board member pay levels and plan design in order to be competitive with their publicly traded peers. This article discusses trends in director pay levels from CAP’s recent survey and offers insights into board compensation plan design. In addition to compensation levels and design, this article discusses other trending topics that private company boards should consider (e.g., diversity, equity and inclusion [DEI] and board effectiveness). Using this external market data from CAP’s survey in conjunction with an understanding of the company’s and board’s unique situation, private companies are able to design effective and competitive board compensation plans.

As competition intensifies for attracting and retaining diverse and skilled directors, private companies are reviewing board member pay levels and plan design in order to be competitive with their publicly traded peers. This article discusses trends in director pay levels from CAP’s recent survey and offers insights into board compensation plan design. Using this external market data from CAP’s survey in conjunction with an understanding of the company’s and board’s unique situation, private companies are able to design effective and competitive board compensation plans.

An article by CAP Partners, Bertha Masuda and Susan Schroeder, and Principal, Bonnie Schindler, was featured as the cover story for the October 2021 issue of Private Company Director magazine. This article reviews the results of the 2021 CAP-MLR Media survey of private-and family-company board compensation. It is timely information as the market is hot for attracting diverse and talented directors and private companies need to remain competitive.

Principal Bonnie Schindler summarizes the groundbreaking results of the second-annual CAP-MLR Media survey of private- and family-company board compensation.

Principal Bonnie Schindler breaks down the responses from the latest Private Company Board Compensation and Governance Survey into trends regarding annual retainers, long-term incentives, governance and the impact of COVID-19.

Based on CAP’s recent survey, Partners Bertha Masuda and Sue Schroeder conclude that private companies have taken swift actions to manage the effects of COVID-19 with responses ranging from reducing executive compensation to laying off employees.

Upcoming Events See All

Oct 27, 2026

The Leadership Pipeline: Retaining Tomorrow’s CEOs

Yale Club, NYC

October 27, 2026 / 3:15-4:05pm   Competition for senior leadership talent remains intense, particularly for executives seen as future CEO candidates or leaders with…
  • Melissa Burek

Oct 30, 2026

Family Business Executive Compensation

The VEA Newport Beach, CA

October 30, 2026, 8:55-9:25 AM PT   Bonnie and Susan (CAP) take the main stage to share what's driving exec pay in family businesses…
  • Bonnie Schindler
  • Susan Schroeder