Spencer Stuart's annual study of boards traces how corporate board practices—and membership—have evolved over the past 25 years
When looking at a snapshot of corporate boards today vs. one from 25 years ago, it's surprising to see how much has changed in board composition and governance. There are far fewer inside directors; more companies split the roles of chairman and chief executive officer; boards are smaller and more diverse, with older members; and boards meet less often. Still, these developments may ultimately seem modest as the impact of recent laws and regulations shapes board composition and boardroom dynamics over the next five years.
Spencer Stuart has tracked board composition, structure, and compensation for 25 years in its annual Spencer Stuart Board Index (SSBI) report. In its 25th edition for 2010, the firm looks at the evolution in board composition and the growth of board independence.
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