Lead Independent Directors’ Expanding Role in Shareholder Engagement
Our Privacy Policy has been updated! The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "ACCEPT", you acknowledge our privacy policy and consent to the use of cookies. 

Lead Independent Directors’ Expanding Role in Shareholder Engagement

/ Quick Take

In 2023, 27% of S&P 500 companies reported that their lead independent director (LID) serves as the spokesperson for the board on governance and other matters with external audiences—a significant increase from 8% in 2022 and 2% in 2018. 

In 2023, 27% of S&P 500 companies reported that their lead independent director (LID) serves as the spokesperson for the board on governance and other matters with external audiences—a significant increase from 8% in 2022 and 2% in 2018. 

 

Trusted Insights for What’s Ahead®™

Expect this trend to continue as investors are no longer looking just to speak with compensation committee chairs about executive pay or nominating chairs on governance practices but want to understand the board’s role in addressing broader business challenges the LID can speak about with authority. This trend also reflects directors’ increasing role in directly engaging with investors and the SEC’s role in asking companies to increase their disclosures on the role of the LID.

Duties of lead independent di

Author

Merel Spierings

Merel Spierings Merel Spierings

Former Senior Researcher, Governance & Sustainabil…
The Conference Board

Read Bio

This publication is available to you, but you need to sign in to myTCB® or create an account to access it.To learn more about becoming a Member click here. To check if your company is a Member, click here

Sign In

Forgot your password

Create An Account

 

Keep my computer signed in

Forgot your password

Create An Account

myTCB® Members get exclusive access to webcasts, publications, data and analysis, plus discounts to events.

Other Related Resources