CGLytics report: "Increasing Boardroom Diversity – 2017-2018 S&P 500 Review" reveals a plethora of board gender & age diversity data and related findings and insights, including these:
- Board sizes increased on average from 10 directors in 2017 to 11 in 2018.
- One third of new director appointments in 2018 were women, compared to 25% of new appointments in 2017.
- Six of seven boards that had no women directors in 2017 had at least one woman on their board in 2018.
- 30% of the S&P 500 have directors aged 40 - 49. 2018 data reveals a positive correlation between the number of younger directors on the board and the company's one-year TSR.
- Female directors are not overboarded and, generally, the vast majority are still available as candidates for other boards.
As previously reported, according to the Society/Deloitte Board Practices Report, although just 6% of respondents said their board is not looking to increasing its diversity, age diversity specifically ranked last among the board diversity-related attributes identified and sought - well below gender (61%), race & ethnicity (48%), specific professional skills or experience (43%), and specific international geography or an international background (7%).
See Diligent's release, our prior report: "Fortune 100: New Director Class Reflects Continued Expanding Candidate Pool," and additional information & resources on our Board Diversity page. This post first appeared in the weekly Society Alert!