The road to gender parity on corporate boards has been a long one, but there are signs of progress. In 2022, for instance, 45% of new Fortune 500 board appointees were women and the percentage of women on these boards had risen to almost 30%....
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Directors reported an average of 200 hours per year on board work, a sharp drop from last year’s average of 278 hours. However year-over-year comparisons of this statistic are problematic due to significantly different sample sizes that likely influenced the averages. The 2023 number was based on a follow-up survey of 95...
In recent years, AI has rapidly transformed the business world, revolutionising everything from customer service to product development. Now, AI is making its way into the highest levels of corporate decision-making: the boardroom. As organisations globally grapple with the implications of AI ...
The median change in base salary in 2023 was 4.0% for CFOs, similar to last year’s 3.8% increase. For CEOs, the median salary change was 0%, well below last year’s 2.9% median increase...
Onboarding is an integral part of the board recruiting process. Robust director onboarding allows the company to benefit quickly from a new director’s skills, experience and perspective. Onboarding also helps to maintain board culture and chemistry and helps less experienced directors fully...
Artificial intelligence has emerged as a pressing issue for boards that demands new approaches to governance to ensure that companies are seizing opportunities for value creation, while minimizing enterprise risk. AI technologies possess the potential to revolutionize industries, disrupt traditional business models, and profoundly alter long-term strategies for growth....
Almost 40% of all new board chairs in 2023 were women; 38% of all CSSBI 100 directorships were held by women, almost 30% more than in 2019; Gender-balanced boards increasing — 12% of boards were at least fully gender balanced; women were in the majority on five,...
The value of DEI initiatives: Regardless of receiving a DEI-related shareholder proposal, all companies should consider integrating DEI in their business strategy and operations. Indeed, DEI is a vital catalyst for:
Enhanced innovation and creativity: Companies with diverse management teams demonstrate 19% higher revenues due to innovation....
A new kind of shareholder activism is rattling companies: “anti-woke” agitators.Shareholders at dozens of big companies, from GE Aerospace to UPS, are voting on proposals opposing environmental and social initiatives this year.....The activists frame the push as getting politics out of business—and suggest getting used to it...
It’s important for the full board to dedicate substantial amounts of time to cybersecurity risk as a collective. A bespoke board session held on the back of a quarterly board meeting is one of the most effective things a board can do to elevate its cybersecurity knowledge....