04 Feb. 2010 | Comments (0)
- Majority voting: Sixty-five percent of boards in 2009 report they require directors who fail to get a majority vote from shareholders to tender their resignations. That figure was 56 percent in 2008.
- Director term limits: One-year terms for directors are the norm for 68 percent of the S&P 500 compared to 38 percent 10 years ago.
- Independent leadership: Half of all boards have only one insider, the CEO, which is up from 44 percent in 2008. Also, 37 percent separate the chairman and CEO roles compared to only 20 percent 10 years ago.