Human Resources
Thought Leadership

Understanding the Pay of Non-CEO Board Chairs

Of the 500 largest U.S. companies, 172 (34%) have separated their Chairman of the Board (COB) and Chief Executive Officer (CEO) positions. There is evidence that the trend toward separation is increasing, most likely in response to shareholder activism demanding it. The belief is that separation results in better governance by providing more checks and balances than combined COB/CEO roles.

To understand how those non-CEO chairmen are paid, Hewitt analyzed 115 COBs who have been in the role for at least a full year and for whom pay data was available.

A summary of research results is linked to below.

For more information about this research report, please contact us at, or contact your local Aon Hewitt representative.

Understanding the Pay of Non-CEO Board Chairs