Board member remuneration

[yasockie]

Good evening gentlemen.

I am finally in a position where I may end up on a larger company's board.
While this is great news, it is also a new territory for me.

The board meetings are infrequent but do require a lot of careful preparation as it can make or break the company.
So first of all I am interested how should I propose my remuneration package.
Should I base it on my existing day rate, assuming that a board meeting is 1 day + say 2 days of preparation or should I estimate it on company size, revenues and the impact to the bottom line that I will be making?
Is it common that board members remuneration is linked to company KPIs?

Second question is, as I am external to the organisation, I would to invoice via my existing consultancy Ltd.
Is that the standard way of doing things?

Any other things I should consider?

[Scruff]

Is your c*ck a kipper?

[TheCyclingProgrammer]

Re: invoicing through YourCo, any IR35 issues to consider as it applies to office holders? There might be.

http://www.hmrc.gov.uk/ir35/faq_qanda/director_q2.htm

[northernladuk]

You posting history suggests you are bulltulipting.

On top of that why would anyone promote someone to a board that obviously has no how idea how to be a board member?

[MarillionFan]

You posting history suggests you are bulltulipting.

On top of that why would anyone promote someone to a board that obviously has no how idea how to be a board member?