Spencer Stuart Board Index

number of
directors
independent
directors Board fees ($)
Percentage of
total compensation
AVERAGE
COMPENSATION PER
NON-EMPLOYEE
DIRECTOR
MEETINGS PER YEARª
COMPANY SALES
($ IN MILLIONS)
SEPARATE
CHAIRMAN/CEO
RETIREMENT AGE
AVERAGE TENURE
(years)
BOARD RETAINER
Board Retainer
Footnotes
INDEPENDENT
DIRECTORS
AVERAGE AGE
all other
OPTIONS
TOTAL
STOCK
CASH
Utilities (continued)
Public Service Enterprise Group 10,415.0 11 10 N 67 11 72 9 85,000 b,c 239,798 50% 50% 0% 0%
SCANA Corporation 4,380.0 11 10 N 60 10 70 9 193,000 c,d 199,378 42% 58% 0% 0%
Sempra Energy 10,231.0 11 10 N 67 9 75 7 85,000 b,c 246,113 49% 45% 0% 6%
Southern Company 17,489.0 15 14 N 65 6 72 9 110,000 b,c 242,657 47% 52% 0% 1%
WEC Energy Group 5,926.1 13 11 Y 66 9 72 9 75,000 b 198,474 41% 50% 0% 9%
Xcel Energy 11,024.5 11 10 N 62 10 72 6 90,000 b,c 240,229 20% 80% 0% 0%
TOTAL UTILITIES
Average 11.3 10.1 64.1 7.8 73.0 8.8 131,192 244,135 48% 50% 0% 2%
Median 11.0 10.0 64.1 7.7 72.0 9.0 100,000 245,173
TOTAL S&P500
Average 10.8 9.2 63.1 8.5 73.3 8.4 118,521 285,065 38% 54% 6% 2%
Median 11.0 9.0 63.0 8.2 72.0 7.5 100,000 269,642
Footnotes:
a Includes regular, special and telephonic board meetings.
b Equity (stock or stock units) is paid in addition to stated retainer.
c Directors can elect to receive cash compensation fully or partially in stock.
d Equity (stock or stock units) is paid as part of retainer.
e Stock option program for directors exists.
f Equity portion of retainer paid in deferred stock.
g Retainer paid 100% in stock.
h Directors can elect to receive equity retainer fully or partially in cash.
i Directors can elect to receive cash and/or stock compensation in stock options.
j Dollar value equivalent for retainer not provided in proxy.
k Directors can elect to receive stock in lieu of stock option grant.
board index 2016 57