As a general rule of thumb, each board member should be compensated with 10% of what the CEO of the company is receiving. So, for example, if the CEO is receiving D dollars and S shares (or options) as compensation, then each board member should receive .1D dollars and .1S shares (or options) as compensation.

Related Questions:

How many options will my employees be granted?

How do I grant options to employees?

What is the difference between an Incentive Stock Option (ISO) and a Nonstatutory Stock Option (NSO)?

How do I grant options to board members?