Director Compensation

Following Thrivent Financial's compensation philosophy a guiding principle for determining board compensation is to position pay conservatively relative to what published compensation studies suggest is market pay. (Market data for board compensation includes a full assessment of all forms of director compensation.) Another guiding principle board members uphold is that serving on the Thrivent Financial for Lutherans board provides them with a "sense of purpose" which is a highly valued intangible benefit. This perceived value supports taking a conservative approach to setting board compensation levels against market data benchmarks.

To determine market competitive pay for board members, Thrivent Financial utilizes the Diversified Insurance Study, which provides compensation data based on a peer group consisting of 11 mutual and 17 stock companies in the financial services industry. In general, the use of a broader set of financial services companies as a peer group better reflects the market for board pay in our industry. Companies included in the study:

Thrivent Financial board members generally are paid on a consistent basis, meaning board members' pay doesn't vary based on the organization's performance, or their individual performance or attributes. Differentiation in compensation comes only from differences in workload, for example chairing a committee, serving on multiple committees, etc.