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$5 billion 1977 Respondents 50 major academicians Amount Per Meeting annual fee annually on board attend board meetings audit committee average fee Average Number Banks & Finan board matters board service boards of directors Caracas chief executive officer commercial bankers companies with sales company the greater corporate ethics employed Corporate Officer establish appropriate compensation fee has increased indoctrination program Inside Directors Inst KORN/FERRY INTERNATIONAL BOARD larger the company Locating Outside Directors meeting fee basis million-$599 million million-$999 million Monterrey N/A N/A N/A number of board number of commercial Number of Hours panies with sales Participating Companies Table pay board members percent pay board previously employed Corporate raised their board raised your board Recommendation and known responding companies Response TOTAL retired or previously RETIREMENT POLICY sales volumes senior executives Table 5B Table 7E Telephone Telex thirteen percent Twenty-five Percent Quartile Unspecified Upper Twenty-five Percent volumes over $1 volumes under $200 year's study