12 CFR § 1239.21 - Compensation of Enterprise board members.

---
identifier: "/us/cfr/t12/s1239.21"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 1239.21 - Compensation of Enterprise board members."
title_number: 12
title_name: "Banks and Banking"
section_number: "1239.21"
section_name: "Compensation of Enterprise board members."
chapter_name: "FEDERAL HOUSING FINANCE AGENCY"
subchapter_number: "B"
subchapter_name: "ENTITY REGULATIONS"
part_number: "1239"
part_name: "RESPONSIBILITIES OF BOARDS OF DIRECTORS, CORPORATE PRACTICES, AND CORPORATE GOVERNANCE"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1426, 1427, 1432(a), 1436(a), 1440, 4511(b), 4513(a), 4513(b), 4526, and 15 U.S.C. 78(b)."
regulatory_source: "80 FR 72336, Nov. 19, 2015, unless otherwise noted."
cfr_part: "1239"
---


# 1239.21 Compensation of Enterprise board members.

Each Enterprise may pay its directors reasonable and appropriate compensation for the time required of them, and their necessary and reasonable expenses, in the performance of their duties.