US board turnover at five-year high, finds exec recruiter
27 November 2013
The US’s biggest firms appointed 339 new independent directors to their boards in the last year, up 16% on 2012 and the highest level of executive hiring since 2008, finds search firm Spencer Stuart.
Wed, 27 Nov 2013The US’s biggest firms appointed 339 new independent directors to their boards in the last year, up 16% on 2012 and the highest level of executive hiring since 2008, finds search firm Spencer Stuart.
The report tracks new appointments in the period between 15 May 2012 and 15 May 2013, on firms in the S&P 500 list.
Of these, 38% are first-time directors, and just under half are retired, the highest level since in 28 years of the firm’s annual US Board Index.
Overall, boards have become more independent in the past 10 years, with 79% of board members being independent directors in 2003, up to 85% today.
The full report, which includes comparative data on board composition and compensation for all of the 500 firms, is available via the executive recruiter's website.
The report tracks new appointments in the period between 15 May 2012 and 15 May 2013, on firms in the S&P 500 list.
Of these, 38% are first-time directors, and just under half are retired, the highest level since in 28 years of the firm’s annual US Board Index.
Overall, boards have become more independent in the past 10 years, with 79% of board members being independent directors in 2003, up to 85% today.
The full report, which includes comparative data on board composition and compensation for all of the 500 firms, is available via the executive recruiter's website.
