Knowledge Center: Publication
Chief Executive Officer & Board of Directors
Four boardroom trends to watch7/28/2015 Bonnie W. Gwin
In the past year, Fortune 500 companies filled 339 new board seats with independent directors. And for the sixth consecutive year, we’ve captured key attributes of the new appointees — their demographics, industry backgrounds, and functional experience, among other factors in our Board Monitor.
These appointments came amid a growing discussion of “board refreshment,” including issues of age, length of service, diversity, independence, and industry experience. What does this year’s data tell us about how these issues might be playing out in new appointments? A look at some key findings, and a novel way of analyzing the industry experience of appointees, provides some interesting answers.
Produced by Heidrick & Struggles’ CEO & Board Practice, the Board Monitor tracks and analyzes trends in non-executive director appointments to Fortune 500 boards to provide insight into board composition, diversity and governance.
Related thinking: Our 2014 Board Monitor provided an analysis of trends in director appointments over the past half decade.