For the directors of a corporation, what are their obligations? To whom are they loyal? Is a director an agent of any entity?
Are directors fairly compensated based on the average data provided above? For their six workday meetings a year on average, is $36,000 a year (based on $2,250 per meeting per day and $1,000 per teleconference meeting) fair? Why or why not? Note that the real median person income in the United States in 2016 was $31,099 annually. (Federal Reserve Bank of St. Louis, 2017) Should board of directors earn more in six days of work than the average American does for an entire year?