Spencer Stuart recently published the Spencer Stuart Board Index 2013. The Board Indexis based on an analysis of the most recent S&P 500 proxy statements and a governance survey of corporate secretaries and general counsel.
The Board Index contains Spencer Stuarts observations on several governance themes, including:
Portrait of the Boardroom:
*Independent directors are older than they were a decade ago; contributing factors include rising retirement ages and an increase in the recruitment of retired executives.
*Some boards are prioritizing new areas of expertise, for example digital or social media.
Director Profiles: survey respondents indicated that the most desired profiles for new directors include:
*Active CEOs/COOs (54%)
*Director compensation continues to increase; total director compensation now averages $249,168 (S&P 500).
*Boards are phasing out meeting fees and replacing with committee retainers.
*The number of boards providing equity in addition to cash continues to increase (now over 75% of the S&P 500).
*The equity mix has shifted toward share grants and away from stock options.
In addition, the Board Index includes significant data (including 5 and 10 year trends) on a variety of board governance topics, including:
*Board organization and process, and
The Spencer Stuart Board Indexis published on an annual basis by Spencer Stuart, a leading executive search consulting firm that regularly publishes research and insight on governance matters.