Oldest Non-Founder CEOs in the S&P 500 – While it is routine for founders to serve as CEOs well into their 70s and 80s, we’ve found that it’s also not uncommon for non-founder CEOs to man the helm well past standard retirement age. Chart 1 with data from the CompanyIQ® database has the details for…
The Fearless Girl statue, installed by State Street Global Advisors to bring focus to its gender diversity campaign, is rounding out her second year on Wall Street amid a slowly but surely changing business culture. As of July, every boardroom in the S&P 500 had at least one woman in its rank, according to Forbes….
This collection of articles from NACD explores the ways in which the business community sees the status quo changing, embracing difference in order to thrive in the years ahead. In the case of staffing company TrueBlue, a period of major expansion caused the board and the C-suite to seriously consider whether they were composed to…
9% of S&P 500 CEOs in 2018 Were 50 and Younger – Young CEOs are rare in the S&P 500. As indicated by the CompanyIQ® SEC EDGAR database, only 45 of the 500 CEOs in 2018 were 50 and younger. 4 of the 45 Young CEOs are Women – Though they were not the youngest…
When he became chief executive of power-generation company NRG Energy Inc. more than three years ago, Mauricio Gutierrez said his selection raised eyebrows. One reason: He is younger than most executives running S&P 500 companies. “I’m an outlier,” the 48-year-old said. “People take notice.” At America’s largest companies, chief executives under 50 are still a relative rarity. A Wall Street Journal…
As companies face continuous pressure to bring on diverse directors with current expertise in technology and cyber security, there are increasing indications that boards’ recruiting in response to that prodding has led to the first blush of a new generational shift on boards. Several new data points show that there has been a ramping up…
Recruitment of under-40 directors is up, but is age diversity a sure bet for tackling the next generation of boardroom issues? Peter Pan notwithstanding, a fixation on youth is generally considered unhealthy in most contexts. In boardrooms, a dearth of age diversity is increasingly viewed as a sign of being out of step with the…
Directors report that they are stepping down in order to support their boards’ aims to refresh the board composition. While mandatory retirement age is still a main driver of board turnover, some directors are leaving their board seats because it’s “simply the right time.” Sandra Beach Lin, chair of the nominating and governance committee on…
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…
Women on America’s corporate boards are increasing but not at the pace that certain societal forces are demanding as indicated from CompanyIQ® ESG data. Concern over equal representation in US boardrooms has led to a 2018 state law mandating female board members in California. Other states including Colorado, Illinois, Massachusetts, and Pennsylvania have adopted nonbinding…