55-8-11. Compensation of directors.
Unless the articles of incorporation or bylaws provide otherwise, the board of directors, without regard to personal interest, may fix the compensation of directors for services in any capacity as a director. The compensation established pursuant to this section of directors of a public corporation or of a corporation that so provides in its articles of incorporation is presumed to be fair to the corporation unless proven not to be fair to the corporation by a preponderance of the evidence. (1955, c. 1371, s. 1; 1989, c. 265, s. 1; 2018-45, s. 7; 2021-106, s. 2(a).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55 - North Carolina Business Corporation Act
Article 8 - Directors and Officers.
§ 55-8-01 - Requirement for and duties of board of directors.
§ 55-8-02 - Qualifications of directors.
§ 55-8-03 - Number and election of directors.
§ 55-8-04 - Election of directors by certain classes of shareholders.
§ 55-8-05 - Terms of directors generally.
§ 55-8-06 - Staggered terms for directors.
§ 55-8-07 - Resignation of directors.
§ 55-8-08 - Removal of directors by shareholders.
§ 55-8-09 - Removal of directors by judicial proceeding.
§ 55-8-11 - Compensation of directors.
§ 55-8-21 - Action without meeting.
§ 55-8-22 - Notice of meeting.
§ 55-8-24 - Quorum and voting.
§ 55-8-26 - Submission of matters for shareholder vote.
§ 55-8-30 - General standards for directors.
§ 55-8-31 - Director conflict of interest.
§ 55-8-32 - Loans to directors.
§ 55-8-33 - Liability for unlawful distributions.
§ 55-8-41 - Duties of officers.
§ 55-8-42 - Standards of conduct for officers.
§ 55-8-43 - Resignation and removal of officers.
§ 55-8-44 - Contract rights of officers.
§ 55-8-50 - Policy statement and definitions.
§ 55-8-51 - Authority to indemnify.
§ 55-8-52 - Mandatory indemnification.
§ 55-8-53 - Advance for expenses.
§ 55-8-54 - Court-ordered indemnification.
§ 55-8-55 - Determination and authorization of indemnification.
§ 55-8-56 - Indemnification of officers, employees, and agents.