Companies with Mandatory Director Retirement Age of 72 or Under 2016-2018
Age Limits for Directors Still Not Common in All Indices
Mandatory board retirement ages for directors vary by index.
As the chart below with data from the CompanyIQ® corporate governance database shows, 90% of the Dow 30 companies and 80% of S&P 100 companies had an age limit of 75 or under for their directors in 2017, the latest year that full data is available.
It’s a different story for the S&P 500 where 67% of the companies there had a 75 or under age limit for their directors in 2017.
Of the Russell 3000 companies, less than half (39%) had a mandatory retirement age of 75 or under age for their directors serving in 2017.