Below is an excerpt from ISS Corporate Solution’s recently released article “Who are the new directors? A look at the demographic makeup of the latest independent board directors ”. The full article is available on the ISS Corporate Solutions (ICS) online library.
Bringing on new board members presents a valuable opportunity for companies to benefit from fresh insights and expertise. In the following analysis, ISS Corporate Solutions examined the current directors across Russell 3000 companies to understand the diverse composition of the most recent group of independent directors.
- Underrepresented groups including women, Asians, and African Americans are gaining ground.
- The average age of new directors is 58, which is higher than the average age for tenured directors when they joined a board.
- 28% of new directors participate in another Russell 3000 board.
Sandra Herrera Lopez, Ph.D., Vice President, ESG Content & Data Analytics, ISS Corporate Solutions