Ford Motor Co. boosted annual compensation for board members by 25 percent and will pay 29 percent more to Edsel Ford II, its founder’s great-grandson, for his work as a director and consultant.

Ford, the second-largest US automaker, will pay its board members an annual retainer of $250,000, up from $200,000, the Dearborn, Mich.-based automaker said yesterday in a regulatory filing.

Edsel Ford, a director, also will receive $650,000 a year in cash as a consultant, up from $500,000.