April 25, 2019
In an article published today, The Wall Street Journal features ESGAUGE data on director tenure and board refreshment. The story, authored by Vanessa Fuhrmans, discusses findings from the recently released The Conference Board/ESGAUGE report on Corporate Board Practices in the S&P 500 and Russell 3000: 2019 Edition.
“Examining Russell 3000 companies, which represent the vast majority of U.S.-traded stocks, [the report] found the average director stays in the job for 10.4 years and about a quarter of them step down only after 15 years,” The Wall Street Journal writes. “The upshot is that boardrooms remain the preserve of older, mostly white men: Only 10% of Russell 3000 directors are 50 or younger, while about one-fifth are older than 70… Just half of all Russell 3000 boards made any director changes in 2018, and 20% remain all male.”
Read the article at https://on.wsj.com/2Gudwr0
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