NACD INSIDE THE PUBLIC COMPANY BOARDROOM SURVEY REPORT FINDS GENDER DIVERSITY TICKING UPWARD

• The survey exhibits a rise in girls on boards and in management positions.

• Incoming board administrators are more and more bringing technology-related expertise and data to the position.

WASHINGTON, Jan. 25, 2023 /PRNewswire/ — The National Association of Corporate Directors (NACD), the authority on boardroom practices representing 23,000+ board members, immediately launched its 2022 Contained in the Public Firm Boardroom report, which affords data-backed insights into the present state of the American boardroom. Primarily based on information gathered by NACD companions Pearl Meyer, Principal Knowledge Group, and MyLogIQ, the report creates a snapshot of what the boards of Russell 3000 Index corporations seemed like in 2022.

“By producing this annual report, we offer precious perception into the crucial shifts and tendencies impacting boards immediately and what we are able to anticipate to see in 2023,” stated Peter Gleason, president and CEO of NACD. “As boards proceed to lean into know-how and risk-based approaches, NACD will proceed to make sure that our certifications, sources, and instruments are attentive to member wants and tailor-made to assist administrators meet the challenges of the environments through which they function.”

Key Findings from the 2022 Contained in the Public Firm Boardroom Report:

• The share of board seats occupied by girls has slowly however constantly elevated over time. This 12 months, girls accounted for 41 % of recent director appointments and solely 17 % of these departing. With elevated emphasis on gender steadiness on the board, this development might speed up within the close to future.

• Board independence has modified little relative to final 12 months, although it has elevated step by step over time. In 2020, solely 15 % of boards within the Russell 3000 had compositions the place 90 % of board members had been unbiased administrators. This elevated to 17 % final 12 months and continued to extend to 18 % this 12 months.

• Board use of nonstandard committees corresponding to danger, know-how, and sustainability has elevated over the past two years.

• The next share of administrators amongst this 12 months’s newly appointed administrators have know-how expertise (as outlined in director-disclosed biographies). Amongst these ending their phrases, nonetheless, are extra administrators with monetary and strategic imaginative and prescient expertise.

• Yr over 12 months, there’s little change within the tenure of these in board management positions: board chair; lead director; and audit, compensation, and company governance committee chairs. Nevertheless, throughout a interval of three years, the tenure of these serving within the board chair position has slowly decreased.

For extra data and to obtain your copy of the report, go to NACD 2022 Inside the Public Company Boardroom.

About NACD

The Nationwide Affiliation of Company Administrators (NACD) is the premier membership group for board administrators who wish to increase their data, develop their community, and maximize their potential.

As the unequalled authority in company governance, NACD units the requirements of excellence by means of its analysis and community-driven director training, programming, and publications. Administrators belief NACD to arm them with the related insights to make high-quality choices on essentially the most urgent and strategic points going through their companies immediately.

NACD additionally prepares leaders to satisfy tomorrow’s greatest challenges. The NACD Directorship Certification® is the main director credential in the US. It units a brand new commonplace for director training, positions administrators to satisfy boardroom challenges, and contains an ongoing training requirement that prepares administrators for what’s subsequent.

With an ever-expanding neighborhood of 23,000+ members and a nationwide chapter community, our affect is each native and international. NACD members are pushed by a standard objective: to be trusted catalysts of financial alternative and constructive change—in enterprise and within the communities we serve. To be taught extra about NACD, go to www.nacdonline.org.

About Pearl Meyer

Pearl Meyer (www.pearlmeyer.com) is the main advisor to boards and senior administration on the alignment of government compensation with enterprise and management technique, making pay packages a strong catalyst for worth creation and aggressive benefit. Pearl Meyer’s purchasers stand on the forefront of their industries and vary from rising high-growth, not-for-profit, and personal corporations to the Fortune 500. The agency has places of work in Atlanta, Boston, Charlotte, Chicago, Houston, Los Angeles, New York, and San Jose.

About Principal Knowledge Group

Principal Knowledge Group is a supplier of government compensation benchmarking and company governance analytics. Its mission is to empower boards and government compensation professionals with complete whole rewards and company governance data in an easy-to-use on-line service and through customized information analysis. For extra data, contact [email protected].

About MyLogIQ

MyLogIQ (www.mylogiq.com) gives 360°public firm intelligence by means of our CompanyIQ Reply Desk. We provide an unmatched AI-powered resolution for public firm disclosure, compliance, and investor communications benchmarking with real-time entry to analysis and analytics on one platform.

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SOURCE NACD