16 Dec. 2010 | Comments (0)
- Only 3 percent of the boards reviewed in 1986 had the chairman/CEO as the sole insider while today more than half of the S&P 500 boards have the CEO as sole insider.
- Believe it or not, boards met more frequently in 1986 (median of 11) compared to today (median of eight).
- Only 26 percent of this year’s new directors are active CEOs, down from 53 percent a decade ago, and there are more retired CEOs appointees (17 percent, up from 9 percent in 2000).
- Forty percent of the boards split the CEO and chairman roles, up from 23 percent a decade ago.
- There is large disconnect between the number of boards who say they are looking for women directors (44 percent) and the percentage of S&P 5000 directors who are women (21 percent). The same holds true for minority representation on boards where 47 percent of boards reporting seeking minorities, yet only 12 percent of new directors are minorities.