The Conference Board in partnership with Russell Reynolds has published an extensive new study of corporate governance practices among US public companies. The report titled “Corporate Board Practices in the Russell 3000 and S&P 500: 2019 Edition” analyzed proxy statements filed in 2018 by over 2,850 companies to identify trends in board composition, structure, and management. Additional partners on the project include ESG data-mining firm ESGAUGE, the John L. Weinberg Center for Corporate Governance, and Debevoise & Plimpton LLP, resulting in a collection of data with extraordinary breadth and depth.
The study provides insights into board governance, as well as committee structures, assessment trends, and standards related to director election and removal. Comparisons between the Russell 3000 and the S&P 500 illustrate differences among large and small firms. Data in the report is further segmented by industry sector and firm size, making it possible for boards to benchmark themselves against similar companies.
A wealth of information is also revealed about director demographics, and speaks to trends in tenure, age, gender, qualifications, and leadership roles; valuable corporate intelligence for firms and directors to have access to when evaluating the diversity and composition of their boards.
The full report can be viewed here.