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Insights into Board Composition

In the past few years, the National Association of Corporate Directors and McGladrey conducted a research study interviewing both public and private companies to identify trends within Corporate Boards. Here are some of their findings:

  • “Nearly two-thirds (approximately 64%) of boards have replaced at least one director since March 2013, according to the latest NACD Public Company Governance Survey. The proportion of boards that added or replaced at least two directors has risen over the past seven years from 17.5% in 2007 to just over 31% in 2014.”
  • A majority of directors (approximately 60%) report that their boards look one-to-three years into the future when considering director recruitment; but for 18% of NACD survey respondents, the board’s time horizon for director recruitment is one year or less.
  • Among NACD survey respondents, 87.2% conduct full-board evaluations; 76.9% conduct evaluations at the committee-level; and 42% conduct individual director evaluations.
  • In a survey of global public-company directors, Heidrick & Struggles found that 63% of boards change committee composition “every few years,” while 27% change committee composition “rarely.”