Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on an ISS Corporate Solutions memorandum by Sandra Herrera Lopez, Ph.D., Vice President, ESG Content & Data Analytics, & Veronica Nikitas, Senior Associate, Compensation & Governance Advisory at ISS Corporate Solutions.
A look at the demographic makeup of the latest independent board directors
Bringing on new board members presents a valuable opportunity for companies to benefit from fresh insights and expertise. In the following analysis, ISS Corporate Solutions examined the current directors across Russell 3000 companies to understand the diverse composition of the most recent group of independent directors.
KEY FINDINGS:
- Underrepresented groups including women, Asians, and African Americans are gaining ground
- The average age of new directors is 58, which is higher than the average age for tenured directors when they joined a board
- 28% of new directors participate in another Russell 3000 board