Cincinnati's publicly-traded companies spent a combined $45.7 million on their boards in 2013. That's an average of $1.4 million per board and $160,618 per director. Corporate boards offer advice, oversee regulatory compliance and help companies identify management successors.
They're they eyes and ears of shareholders, who like it when profits grow and stock prices rise. One key measure of performance is total shareholder return (TSR), which represents a change in investment value that comes from dividends and a rising or falling stock price .
This list is part of WCPO's annual analysis of executive pay that totaled $320 million in cash and stock awards in to 166 executives of 33 Tri-State public companies 2013. You can view findings and search an interactive database below that breaks all the executive compensation down.
PHOTOS: Top 10 highest paid directors
#10 Cincinnati Bell Inc.
#9 Ashland Inc.
#8 AK Steel Holding Corporation
#7 Vantiv, Inc.
#6 Macy's Inc.
#5 Hillenbrand, Inc.
#4 Omnicare Inc.
#3 The Procter and Gamble Company
#2 Cincinnati Financial Corp.
#1 Fifth Third Bancorp
WCPO analyzed compensation numbers from the annual proxy statements to shareholders of 33 Cincinnati-based public companies. S&PCapital IQ supplied numbers for all companies that filed fiscal year 2013 proxies before April 21. It also supplied figures on shareholder return and market capitalization, or the total value of all shares at the end of each company’s 2013 fiscal year. WCPO compiled all remaining numbers, including compensation figures for company directors.
WCPO uses the same methodology as Associated Press/Equilar in measuring total compensation, excluding changes in pension plan values. Figures on average worker salaries come from the report: May 2013 National Industry-Specific Occupational Employment and Wage Estimates.
From that report, WCPO pulled average worker salaries from the North American Industry Classification System (NAICS) codes that most closely match each company. NAICS is the standard used by federal agencies to classify businesses in order to collect, analyze and publish statistics tied to the U.S. economy.
WCPO Digital Multimedia Producer Brian Niesz compiled and created the interactive graphic and photo gallery lists.
WCPO Editorial Assistant Jane Andreasik provided research.
WCPO Digital Managing Editor Chris Graves edited this report.