Board composition – Key trends and developments

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Overview

Many investors and other stakeholders want more information about a company’s director nominees, especially information boards and their nominating and governance committees are considering regarding director tenure, board diversity and the results of board self-evaluations. All of this is occurring within an environment of shareholder activism.

Is there diversity on S&P 500 boards?

Three ways to drive board refreshment

  1. Take action on board assessments: It’s the job of the board chair or lead director and the chair of the nominating governance committee to address matters that arise from the board assessment process.
  2. Take a strategic approach to board succession planning: Boards should identify possible director candidates based on anticipated turnover and director retirements.
  3. Broaden the definition of diversity and the pool of potential director candidates: Forward-looking boards expand the universe of potential qualified candidates by looking outside of the C-suite, and considering investor recommendations.

Contact us

Paula Loop

Governance Insights Center Leader, PwC US

Sharad Jain

Partner, Governance Insights Center, PwC US

Deidre Schiela

Partner, Governance Insights Center, PwC US

Paul DeNicola

Principal, Governance Insights Center, PwC US

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