April 24, 2019
ESGAUGE and The Conference Board published today Corporate Board Practices in the S&P 500 and Russell 3000: 2019 Edition. The publication also enlists the collaboration of leading advisory firms Debevoise & Plimpton and Russell Reynolds Associates as well as the John L. Weinberg Center for Corporate Governance at the University of Delaware.
The study documents corporate governance trends and developments at 2,854 companies registered with the U.S. Securities and Exchange Commission (SEC) that filed their proxy statement in the January 1 to November 1, 2018 period and, as of January 2018, were included in the Russell 3000 Index, as well as select findings from 494 companies listed in the S&P 500. Data is based on disclosure included by companies in proxy statements and other periodic SEC reports as well as on other organizational and policy documents (charters, bylaws, board committee charters, corporate governance principles, etc.) available on the SEC and the investor relations section of corporate websites. For comparative purposes, data based on disclosure and available corporate documents from the same time period in 2016 is also provided.
Data on board practices illustrated in the report is segmented according to the business sector and the size of companies. The industry analysis aggregates companies within 11 groups, using the applicable Global Industry Classification Standard (GICS). For the company-size breakdown, data are categorized along five annual-revenue groups (based on data received from manufacturing and nonfinancial services companies) and three asset-value groups (based on data reported by financial services and real estate companies, which tend to use these types of benchmarking criteria).
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