Boards Around the World
Explore how the boards of publicly traded companies around the world compare on a series of governance measures.
Source: 2023 Spencer Stuart Board Indexes
Boards Around the World: A Changing Landscape</a></strong>.\n</p>","insightHeadline":"Spencer Stuart Board Indexes","insightCopy":"Our Board Indexes provide a comprehensive view of governance practices among leading public corporations in various countries, localities and industries. <a href=https://www.spencerstuart.com/"/research-and-insight/board-indexes/">View our individual Board Indexes</a>.","relatedContentClass":"js-batw-related-content-all-board-composition","topics":[{"id":"board-size","label":"Board Size","description":"Average number of directors (includes employee representatives, where relevant)","type":"number"},{"id":"independent-directors","label":"Independent Directors","description":"Percentage of directors who fit the local criteria for independence","type":"percentage"},{"id":"tenure","label":"Tenure of Directors","description":"Average tenure in years in post (non-executive directors)","type":"number"},{"id":"chairmen-age","label":"Age of Chair","description":"Average age of chairs (includes chairs who are also CEO)","type":"number"},{"id":"director-age","label":"Age of Directors","description":"Average age of all directors (includes main board executive and non-executive directors)","type":"number"}],"currencies":[]},{"id":"all-diversity","label":"Diversity","introHeadline":null,"introCopy":"<p>\nGender diversity in the boardroom has been increasing steadily in the past year, with most countries having either a target or quota in place for listed company boards. However, women are still underrepresented in board leadership. For our analysis of how boards of public companies around the world compare, read <strong><a href=https://www.spencerstuart.com/"/research-and-insight/boards-around-the-world-a-changing-landscape/">Boards Around the World: A Changing Landscape</a></strong>.\n</p>\n<p>\n(Note: Racial and ethnic diversity in the boardroom is of great interest in some countries. However, data is only available in a few jurisdictions, no standard definitions exist and company disclosures are reliant on self-reporting, which is rarely complete. It is therefore not a topic where like-for-like comparisons can easily be made.)\n</p>","insightHeadline":null,"insightCopy":null,"relatedContentClass":"js-batw-related-content-all-diversity","topics":[{"id":"40-female-directors","label":"% Boards with at least 40% female directors","description":"Percentage of companies in which at least 40% of all board members are women. Click on \"i\" for information on quotas and targets.","type":"percentage"},{"id":"female-directors","label":"% Female Board Directors","description":"Click on \"i\" for information on quotas and targets.","type":"percentage"},{"id":"female-ceo","label":"% Female CEOs","description":null,"type":"percentage"},{"id":"female-chair","label":"% Female Chairs","description":null,"type":"percentage"},{"id":"foreign-board-members","label":"% Foreign Board Members","description":"Percentage of board members whose nationality is different from that of the company","type":"percentage"}],"currencies":[]},{"id":"all-new-directors","label":"New Directors","introHeadline":null,"introCopy":"<p>Bringing new perspectives, expertise and diversity into the boardroom is essential in a rapidly changing business environment. As boards seek to broaden the pool of candidates, more and more newly appointed directors are joining the board of a publicly-traded company for the first time. For our analysis of how boards of public companies around the world compare, read <strong><a href=https://www.spencerstuart.com/"/research-and-insight/boards-around-the-world-a-changing-landscape/">Boards Around the World: A Changing Landscape</a></strong>.\n</p>","insightHeadline":"Spencer Stuart Board Indexes","insightCopy":"Our Board Indexes provide a comprehensive view of governance practices among leading public corporations in various countries, localities and industries. <a href=https://www.spencerstuart.com/"/research-and-insight/board-indexes/">View our individual Board Indexes</a>.","relatedContentClass":"js-batw-related-content-all-new-directors","topics":[{"id":"first-time-nd","label":"% First-time New Directors","description":"Percentage of those non-executive or executive board members appointed to their posts in the 12 months prior who do not have previous experience serving as a non-executive experience on the board of a publicly traded company.","type":"percentage"},{"id":"foreign","label":"% Foreign New Directors","description":"Percentage of non-executive or executive board members appointed to their posts in the 12 months prior who have a different nationality from that of the company.","type":"percentage"},{"id":"women","label":"% Female New Directors","description":"Percentage of non-executive or executive board members appointed to their posts in the 12 months prior who are women.","type":"percentage"}],"currencies":[]},{"id":"all-compensation","label":"Compensation","introHeadline":null,"introCopy":"<p>\nThere is considerable variation in the basis on which chairs and non-executive directors around the world are paid and in the sums they receive. Our data show average total compensation for chairs and non-executive directors of the larger listed companies in each country (see \"Source\" below for details). Since the majority of featured countries are in Europe, we state figures in Euros and include U.S. dollars in parentheses. For local currency information, please refer to the relevant country <strong><a href=https://www.spencerstuart.com/"/research-and-insight/board-indexes/">Board Index</a></strong>. For our analysis of how boards of public companies around the world compare, read <strong><a href=https://www.spencerstuart.com/"/research-and-insight/boards-around-the-world-a-changing-landscape/">Boards Around the World: A Changing Landscape</a></strong>.\n</p>","insightHeadline":"Spencer Stuart Board Indexes","insightCopy":"Our Board Indexes provide a comprehensive view of governance practices among leading public corporations in various countries, localities and industries. <a href=https://www.spencerstuart.com/"/research-and-insight/board-indexes/">View our individual Board Indexes</a>.","relatedContentClass":"js-batw-related-content-all-compensation","topics":[{"id":"total-fees-chairs","label":"Total Fees for Chairs","description":"Average total compensation for chairs of the companies in each featured index","type":"currency"},{"id":"total-fees-directors","label":"Total Fees for Non-executive Directors","description":"Average total compensation for non-executive directors of the companies in each featured index","type":"currency"}],"currencies":[{"id":"all","label":"All"},{"id":"euro","label":"Euro"},{"id":"usd","label":"USD"}]},{"id":"all-board-assessment","label":"Assessment / Meetings","introHeadline":null,"introCopy":"<p>An annual board assessment plays a critical role in bringing to light any problems in how the board functions so they can be addressed in a discreet and timely manner. More boards have come to appreciate the value of externally facilitated assessments. Several the governance codes stipulate that an externally facilitated assessment should take place at least every three years. In some countries, e.g. France, Italy and the UK, many boards conduct such an assessment even more frequently. For our analysis of how boards of public companies around the world compare, read <strong><a href=https://www.spencerstuart.com/"/research-and-insight/boards-around-the-world-a-changing-landscape/">Boards Around the World: A Changing Landscape</a></strong>.</p>","insightHeadline":"Spencer Stuart Board Indexes","insightCopy":"Our Board Indexes provide a comprehensive view of governance practices among leading public corporations in various countries, localities and industries. <a href=https://www.spencerstuart.com/"/research-and-insight/board-indexes/">View our individual Board Indexes</a>.","relatedContentClass":"js-batw-related-content-all-board-assessment","topics":[{"id":"board-assessment","label":"External Board Assessment","description":"Percentage of boards that conducted an externally facilitated board evaluation during the most recent financial year","type":"percentage"},{"id":"board-meetings","label":"Average Number of Meetings per Year","description":null,"type":"number"}],"currencies":[]}],"countries":[{"countryAbbreviation":"AR","countryName":"Argentina","countryFlag":"/-/media/countries-flags/argentina-svg.svg","topics":[]},{"countryAbbreviation":"AU","countryName":"Australia","countryFlag":"/-/media/countries-flags/australia-svg.svg","topics":[]},{"countryAbbreviation":"AT","countryName":"Austria","countryFlag":"/-/media/countries-flags/austriaflag.jpg","topics":[]},{"countryAbbreviation":"BE","countryName":"Belgium","countryFlag":"/-/media/countries-flags/belgium-flag.svg","topics":[{"topic":"board-meetings","value":9.0,"note":""},{"topic":"board-assessment","value":0.18,"note":""},{"topic":"board-size","value":10.0,"note":""},{"topic":"independent-directors","value":0.55,"note":""},{"topic":"director-age","value":59.0,"note":""},{"topic":"chairmen-age","value":61.0,"note":""},{"topic":"tenure","value":5.6,"note":""},{"topic":"foreign-board-members","value":0.39,"note":""},{"topic":"female-directors","value":0.37,"note":"33% quota, 40% target for women on the board"},{"topic":"female-chair","value":0.09,"note":""},{"topic":"female-ceo","value":0.05,"note":""},{"topic":"40-female-directors","value":0.32,"note":"33% quota, 40% target for women on the board"},{"topic":"women","value":0.18,"note":""},{"topic":"foreign","value":0.41,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":113037.0,"note":""}]},{"countryAbbreviation":"BR","countryName":"Brazil","countryFlag":"/-/media/countries-flags/brazil-flag.svg","topics":[{"topic":"board-meetings","value":16.0,"note":""},{"topic":"board-assessment","value":0.3,"note":""},{"topic":"board-size","value":9.0,"note":""},{"topic":"independent-directors","value":0.41,"note":""},{"topic":"director-age","value":58.0,"note":""},{"topic":"chairmen-age","value":63.0,"note":""},{"topic":"tenure","value":null,"note":""},{"topic":"foreign-board-members","value":0.12,"note":""},{"topic":"female-directors","value":0.18,"note":""},{"topic":"female-chair","value":0.05,"note":""},{"topic":"female-ceo","value":0.03,"note":""},{"topic":"40-female-directors","value":null,"note":""},{"topic":"women","value":0.25,"note":""},{"topic":"foreign","value":0.09,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":118835.0,"note":""},{"topic":"total-fees-chairs","value":445896.0,"note":""}]},{"countryAbbreviation":"CA","countryName":"Canada","countryFlag":"/-/media/countries-flags/canada-flag.svg","topics":[{"topic":"board-meetings","value":9.0,"note":""},{"topic":"board-assessment","value":null,"note":""},{"topic":"board-size","value":11.0,"note":""},{"topic":"independent-directors","value":0.83,"note":""},{"topic":"director-age","value":63.0,"note":""},{"topic":"chairmen-age","value":66.0,"note":""},{"topic":"tenure","value":null,"note":""},{"topic":"foreign-board-members","value":0.3,"note":""},{"topic":"female-directors","value":0.38,"note":""},{"topic":"female-chair","value":0.12,"note":""},{"topic":"female-ceo","value":0.04,"note":""},{"topic":"40-female-directors","value":0.29,"note":""},{"topic":"women","value":0.49,"note":""},{"topic":"foreign","value":0.38,"note":""},{"topic":"first-time-nd","value":0.39,"note":""},{"topic":"total-fees-directors","value":176910.0,"note":""},{"topic":"total-fees-chairs","value":308738.0,"note":""}]},{"countryAbbreviation":"CL","countryName":"Chile","countryFlag":"/-/media/countries-flags/chile-flag.svg","topics":[{"topic":"board-meetings","value":13.0,"note":""},{"topic":"board-assessment","value":null,"note":""},{"topic":"board-size","value":8.0,"note":""},{"topic":"independent-directors","value":0.22,"note":""},{"topic":"director-age","value":null,"note":""},{"topic":"chairmen-age","value":null,"note":""},{"topic":"tenure","value":null,"note":""},{"topic":"foreign-board-members","value":0.17,"note":""},{"topic":"female-directors","value":0.17,"note":""},{"topic":"female-chair","value":0.05,"note":""},{"topic":"female-ceo","value":0.04,"note":""},{"topic":"40-female-directors","value":0.05,"note":""},{"topic":"women","value":null,"note":""},{"topic":"foreign","value":null,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":82186.0,"note":""},{"topic":"total-fees-chairs","value":null,"note":""}]},{"countryAbbreviation":"CO","countryName":"Colombia","countryFlag":"/-/media/countries-flags/colombia.svg","topics":[]},{"countryAbbreviation":"DK","countryName":"Denmark","countryFlag":"/-/media/countries-flags/denmark-flag.svg","topics":[{"topic":"board-meetings","value":13.0,"note":""},{"topic":"board-assessment","value":0.44,"note":""},{"topic":"board-size","value":10.0,"note":""},{"topic":"independent-directors","value":0.78,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":60.0,"note":""},{"topic":"tenure","value":5.3,"note":""},{"topic":"foreign-board-members","value":0.56,"note":""},{"topic":"female-directors","value":0.38,"note":"40% target for women on the board"},{"topic":"female-chair","value":0.08,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":0.52,"note":"40% target for women on the board"},{"topic":"women","value":0.35,"note":""},{"topic":"foreign","value":0.41,"note":""},{"topic":"first-time-nd","value":0.29,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":200929.0,"note":""}]},{"countryAbbreviation":"FI","countryName":"Finland","countryFlag":"/-/media/countries-flags/finland-flag.svg","topics":[{"topic":"board-meetings","value":15.0,"note":""},{"topic":"board-assessment","value":0.04,"note":""},{"topic":"board-size","value":9.0,"note":""},{"topic":"independent-directors","value":0.89,"note":""},{"topic":"director-age","value":58.0,"note":""},{"topic":"chairmen-age","value":63.0,"note":""},{"topic":"tenure","value":3.9,"note":""},{"topic":"foreign-board-members","value":0.36,"note":""},{"topic":"female-directors","value":0.38,"note":""},{"topic":"female-chair","value":0.08,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":0.4,"note":""},{"topic":"women","value":0.45,"note":""},{"topic":"foreign","value":0.29,"note":""},{"topic":"first-time-nd","value":0.31,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":151092.0,"note":""}]},{"countryAbbreviation":"FR","countryName":"France","countryFlag":"/-/media/countries-flags/france-flag.svg","topics":[{"topic":"board-meetings","value":9.0,"note":""},{"topic":"board-assessment","value":0.4,"note":""},{"topic":"board-size","value":14.0,"note":""},{"topic":"independent-directors","value":0.58,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":65.0,"note":""},{"topic":"tenure","value":5.5,"note":""},{"topic":"foreign-board-members","value":0.35,"note":""},{"topic":"female-directors","value":0.47,"note":"40% target for women on the board"},{"topic":"female-chair","value":0.05,"note":""},{"topic":"female-ceo","value":0.08,"note":""},{"topic":"40-female-directors","value":0.95,"note":"40% target for women on the board"},{"topic":"women","value":0.47,"note":""},{"topic":"foreign","value":0.3,"note":""},{"topic":"first-time-nd","value":0.43,"note":""},{"topic":"total-fees-directors","value":97079.0,"note":""},{"topic":"total-fees-chairs","value":643772.0,"note":""}]},{"countryAbbreviation":"DE","countryName":"Germany","countryFlag":"/-/media/countries-flags/germany-flag.svg","topics":[{"topic":"board-meetings","value":8.0,"note":""},{"topic":"board-assessment","value":0.21,"note":""},{"topic":"board-size","value":15.0,"note":""},{"topic":"independent-directors","value":0.57,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":66.0,"note":""},{"topic":"tenure","value":5.7,"note":""},{"topic":"foreign-board-members","value":0.26,"note":""},{"topic":"female-directors","value":0.37,"note":""},{"topic":"female-chair","value":0.08,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":0.4,"note":""},{"topic":"women","value":0.4,"note":""},{"topic":"foreign","value":0.35,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":189723.0,"note":""},{"topic":"total-fees-chairs","value":288091.0,"note":""}]},{"countryAbbreviation":"HK","countryName":"Hong Kong SAR","countryFlag":"/-/media/countries-flags/hong-kong-flag.svg","topics":[{"topic":"board-meetings","value":7.0,"note":""},{"topic":"board-assessment","value":0.03,"note":""},{"topic":"board-size","value":11.0,"note":""},{"topic":"independent-directors","value":0.46,"note":""},{"topic":"director-age","value":59.0,"note":""},{"topic":"chairmen-age","value":59.0,"note":""},{"topic":"tenure","value":null,"note":""},{"topic":"foreign-board-members","value":0.16,"note":""},{"topic":"female-directors","value":0.19,"note":"25% target for women on the board"},{"topic":"female-chair","value":0.06,"note":""},{"topic":"female-ceo","value":0.08,"note":""},{"topic":"40-female-directors","value":0.08,"note":"25% target for women on the board"},{"topic":"women","value":0.39,"note":""},{"topic":"foreign","value":0.12,"note":""},{"topic":"first-time-nd","value":0.45,"note":""},{"topic":"total-fees-directors","value":91215.0,"note":""},{"topic":"total-fees-chairs","value":533469.0,"note":"Includes independent chairs only"}]},{"countryAbbreviation":"IN","countryName":"India","countryFlag":"/-/media/countries-flags/india-flag.svg","topics":[]},{"countryAbbreviation":"IE","countryName":"Ireland","countryFlag":"/-/media/countries-flags/irelandflag.jpg","topics":[{"topic":"board-meetings","value":10.0,"note":""},{"topic":"board-assessment","value":0.35,"note":""},{"topic":"board-size","value":10.0,"note":""},{"topic":"independent-directors","value":0.81,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":67.0,"note":""},{"topic":"tenure","value":4.5,"note":""},{"topic":"foreign-board-members","value":0.33,"note":""},{"topic":"female-directors","value":0.37,"note":"40% target for women on the board"},{"topic":"female-chair","value":0.05,"note":""},{"topic":"female-ceo","value":0.11,"note":""},{"topic":"40-female-directors","value":0.3,"note":"40% target for women on the board"},{"topic":"women","value":0.67,"note":""},{"topic":"foreign","value":0.5,"note":""},{"topic":"first-time-nd","value":0.16,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":273063.0,"note":""}]},{"countryAbbreviation":"IT","countryName":"Italy","countryFlag":"/-/media/countries-flags/italy-flag.svg","topics":[{"topic":"board-meetings","value":12.0,"note":""},{"topic":"board-assessment","value":0.38,"note":""},{"topic":"board-size","value":11.0,"note":""},{"topic":"independent-directors","value":0.55,"note":""},{"topic":"director-age","value":59.0,"note":""},{"topic":"chairmen-age","value":64.0,"note":""},{"topic":"tenure","value":5.4,"note":""},{"topic":"foreign-board-members","value":0.18,"note":""},{"topic":"female-directors","value":0.42,"note":"40% quota for women on the board"},{"topic":"female-chair","value":0.18,"note":""},{"topic":"female-ceo","value":0.04,"note":""},{"topic":"40-female-directors","value":0.42,"note":"40% quota for women on the board"},{"topic":"women","value":0.49,"note":""},{"topic":"foreign","value":0.16,"note":""},{"topic":"first-time-nd","value":0.25,"note":""},{"topic":"total-fees-directors","value":88000.0,"note":""},{"topic":"total-fees-chairs","value":652000.0,"note":""}]},{"countryAbbreviation":"JP","countryName":"Japan","countryFlag":"/-/media/countries-flags/japan-flag.svg","topics":[{"topic":"board-meetings","value":14.0,"note":""},{"topic":"board-assessment","value":null,"note":""},{"topic":"board-size","value":10.0,"note":""},{"topic":"independent-directors","value":0.46,"note":""},{"topic":"director-age","value":64.0,"note":""},{"topic":"chairmen-age","value":67.0,"note":""},{"topic":"tenure","value":null,"note":""},{"topic":"foreign-board-members","value":0.05,"note":""},{"topic":"female-directors","value":0.17,"note":""},{"topic":"female-chair","value":0.02,"note":""},{"topic":"female-ceo","value":0.0,"note":""},{"topic":"40-female-directors","value":0.01,"note":""},{"topic":"women","value":null,"note":""},{"topic":"foreign","value":null,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":89490.0,"note":""},{"topic":"total-fees-chairs","value":null,"note":""}]},{"countryAbbreviation":"MX","countryName":"Mexico","countryFlag":"/-/media/countries-flags/mexico-flag.svg","topics":[]},{"countryAbbreviation":"NL","countryName":"Netherlands","countryFlag":"/-/media/countries-flags/netherlands-flag.svg","topics":[]},{"countryAbbreviation":"NO","countryName":"Norway","countryFlag":"/-/media/countries-flags/norway-flag.svg","topics":[{"topic":"board-meetings","value":12.0,"note":""},{"topic":"board-assessment","value":0.08,"note":""},{"topic":"board-size","value":9.0,"note":""},{"topic":"independent-directors","value":0.78,"note":""},{"topic":"director-age","value":58.0,"note":""},{"topic":"chairmen-age","value":62.0,"note":""},{"topic":"tenure","value":4.0,"note":""},{"topic":"foreign-board-members","value":0.39,"note":""},{"topic":"female-directors","value":0.45,"note":"40% quota for women on the board"},{"topic":"female-chair","value":0.16,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":0.8,"note":"40% quota for women on the board"},{"topic":"women","value":0.32,"note":""},{"topic":"foreign","value":0.36,"note":""},{"topic":"first-time-nd","value":0.2,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":90983.0,"note":""}]},{"countryAbbreviation":"PE","countryName":"Peru","countryFlag":"/-/media/countries-flags/peru-svg.svg","topics":[{"topic":"board-meetings","value":11.0,"note":""},{"topic":"board-assessment","value":null,"note":""},{"topic":"board-size","value":7.0,"note":""},{"topic":"independent-directors","value":0.29,"note":""},{"topic":"director-age","value":58.0,"note":""},{"topic":"chairmen-age","value":58.0,"note":""},{"topic":"tenure","value":null,"note":""},{"topic":"foreign-board-members","value":0.33,"note":""},{"topic":"female-directors","value":0.15,"note":""},{"topic":"female-chair","value":0.03,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":null,"note":""},{"topic":"women","value":0.23,"note":""},{"topic":"foreign","value":0.34,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":null,"note":""}]},{"countryAbbreviation":"PL","countryName":"Poland","countryFlag":"/-/media/countries-flags/poland-flag.svg","topics":[]},{"countryAbbreviation":"RU","countryName":"Russia","countryFlag":"/-/media/countries-flags/russian-federation-flag.svg","topics":[]},{"countryAbbreviation":"SG","countryName":"Singapore","countryFlag":"/-/media/countries-flags/singapore-flag.svg","topics":[{"topic":"board-meetings","value":6.0,"note":""},{"topic":"board-assessment","value":0.17,"note":""},{"topic":"board-size","value":10.0,"note":""},{"topic":"independent-directors","value":0.61,"note":""},{"topic":"director-age","value":62.0,"note":""},{"topic":"chairmen-age","value":68.0,"note":""},{"topic":"tenure","value":5.4,"note":""},{"topic":"foreign-board-members","value":null,"note":""},{"topic":"female-directors","value":0.2,"note":""},{"topic":"female-chair","value":null,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":0.07,"note":""},{"topic":"women","value":null,"note":""},{"topic":"foreign","value":null,"note":""},{"topic":"first-time-nd","value":null,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":439562.0,"note":""}]},{"countryAbbreviation":"ZA","countryName":"South Africa","countryFlag":"/-/media/countries-flags/southafrica-svg.svg","topics":[{"topic":"board-meetings","value":7.0,"note":""},{"topic":"board-assessment","value":0.59,"note":""},{"topic":"board-size","value":12.0,"note":""},{"topic":"independent-directors","value":0.81,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":64.0,"note":""},{"topic":"tenure","value":6.1,"note":""},{"topic":"foreign-board-members","value":0.36,"note":""},{"topic":"female-directors","value":0.35,"note":""},{"topic":"female-chair","value":0.03,"note":""},{"topic":"female-ceo","value":0.02,"note":""},{"topic":"40-female-directors","value":0.32,"note":""},{"topic":"women","value":0.48,"note":""},{"topic":"foreign","value":0.42,"note":""},{"topic":"first-time-nd","value":0.29,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":251017.0,"note":""}]},{"countryAbbreviation":"ES","countryName":"Spain","countryFlag":"/-/media/countries-flags/spain-flag.svg","topics":[{"topic":"board-meetings","value":11.0,"note":""},{"topic":"board-assessment","value":0.37,"note":""},{"topic":"board-size","value":11.0,"note":""},{"topic":"independent-directors","value":0.47,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":64.0,"note":""},{"topic":"tenure","value":3.7,"note":""},{"topic":"foreign-board-members","value":0.2,"note":""},{"topic":"female-directors","value":0.3,"note":"40% target for women on the board"},{"topic":"female-chair","value":0.07,"note":""},{"topic":"female-ceo","value":0.05,"note":""},{"topic":"40-female-directors","value":0.27,"note":"40% target for women on the board"},{"topic":"women","value":0.51,"note":""},{"topic":"foreign","value":0.22,"note":""},{"topic":"first-time-nd","value":0.41,"note":""},{"topic":"total-fees-directors","value":128860.0,"note":""},{"topic":"total-fees-chairs","value":440491.0,"note":""}]},{"countryAbbreviation":"SE","countryName":"Sweden","countryFlag":"/-/media/countries-flags/sweden-flag.svg","topics":[{"topic":"board-meetings","value":13.0,"note":""},{"topic":"board-assessment","value":0.16,"note":""},{"topic":"board-size","value":11.0,"note":""},{"topic":"independent-directors","value":0.7,"note":""},{"topic":"director-age","value":59.0,"note":""},{"topic":"chairmen-age","value":62.0,"note":""},{"topic":"tenure","value":6.1,"note":""},{"topic":"foreign-board-members","value":0.26,"note":""},{"topic":"female-directors","value":0.41,"note":""},{"topic":"female-chair","value":0.08,"note":""},{"topic":"female-ceo","value":null,"note":""},{"topic":"40-female-directors","value":0.36,"note":""},{"topic":"women","value":0.65,"note":""},{"topic":"foreign","value":0.45,"note":""},{"topic":"first-time-nd","value":0.45,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":226892.0,"note":""}]},{"countryAbbreviation":"CH","countryName":"Switzerland","countryFlag":"/-/media/countries-flags/switzerland-flag.svg","topics":[{"topic":"board-meetings","value":9.0,"note":""},{"topic":"board-assessment","value":0.04,"note":""},{"topic":"board-size","value":9.0,"note":""},{"topic":"independent-directors","value":0.87,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":65.0,"note":""},{"topic":"tenure","value":6.4,"note":""},{"topic":"foreign-board-members","value":0.51,"note":""},{"topic":"female-directors","value":0.36,"note":"30% quota for women on the board"},{"topic":"female-chair","value":0.07,"note":""},{"topic":"female-ceo","value":0.02,"note":""},{"topic":"40-female-directors","value":0.26,"note":"30% quota for women on the board"},{"topic":"women","value":0.47,"note":""},{"topic":"foreign","value":0.57,"note":""},{"topic":"first-time-nd","value":0.63,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":1330936.0,"note":""}]},{"countryAbbreviation":"TR","countryName":"Turkey","countryFlag":"/-/media/countries-flags/turkey-flag.svg","topics":[{"topic":"board-meetings","value":11.0,"note":""},{"topic":"board-assessment","value":null,"note":""},{"topic":"board-size","value":9.0,"note":""},{"topic":"independent-directors","value":0.33,"note":""},{"topic":"director-age","value":58.0,"note":""},{"topic":"chairmen-age","value":60.0,"note":""},{"topic":"tenure","value":7.6,"note":""},{"topic":"foreign-board-members","value":0.14,"note":""},{"topic":"female-directors","value":0.19,"note":""},{"topic":"female-chair","value":0.07,"note":""},{"topic":"female-ceo","value":0.0,"note":""},{"topic":"40-female-directors","value":0.07,"note":""},{"topic":"women","value":0.33,"note":""},{"topic":"foreign","value":0.13,"note":""},{"topic":"first-time-nd","value":0.37,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":null,"note":""}]},{"countryAbbreviation":"GB","countryName":"U.K.","countryFlag":"/-/media/countries-flags/great-britain-flag.svg","topics":[{"topic":"board-meetings","value":9.0,"note":""},{"topic":"board-assessment","value":0.41,"note":""},{"topic":"board-size","value":10.0,"note":""},{"topic":"independent-directors","value":0.94,"note":""},{"topic":"director-age","value":60.0,"note":""},{"topic":"chairmen-age","value":65.0,"note":""},{"topic":"tenure","value":4.2,"note":""},{"topic":"foreign-board-members","value":0.35,"note":""},{"topic":"female-directors","value":0.4,"note":"40% target for women on the board"},{"topic":"female-chair","value":0.15,"note":""},{"topic":"female-ceo","value":0.12,"note":""},{"topic":"40-female-directors","value":0.53,"note":"40% target for women on the board"},{"topic":"women","value":0.46,"note":""},{"topic":"foreign","value":0.48,"note":""},{"topic":"first-time-nd","value":0.31,"note":""},{"topic":"total-fees-directors","value":null,"note":""},{"topic":"total-fees-chairs","value":502593.0,"note":""}]},{"countryAbbreviation":"US","countryName":"U.S.","countryFlag":"/-/media/countries-flags/united-states-flag.svg","topics":[{"topic":"board-meetings","value":8.0,"note":""},{"topic":"board-assessment","value":0.25,"note":""},{"topic":"board-size","value":11.0,"note":""},{"topic":"independent-directors","value":0.85,"note":""},{"topic":"director-age","value":null,"note":""},{"topic":"chairmen-age","value":null,"note":""},{"topic":"tenure","value":7.8,"note":""},{"topic":"foreign-board-members","value":0.14,"note":""},{"topic":"female-directors","value":0.33,"note":""},{"topic":"female-chair","value":0.18,"note":""},{"topic":"female-ceo","value":0.08,"note":""},{"topic":"40-female-directors","value":0.21,"note":""},{"topic":"women","value":0.46,"note":""},{"topic":"foreign","value":0.18,"note":""},{"topic":"first-time-nd","value":0.31,"note":""},{"topic":"total-fees-directors","value":295960.0,"note":""},{"topic":"total-fees-chairs","value":161717.0,"note":""}]}],"sources":"<p>In the majority of cases, data is taken from individual country <a href=https://www.spencerstuart.com/"/research-and-insight/board-indexes/">Board Indexes</a> published by Spencer Stuart for the year 2023.</p>\n<h5>Composition Information</h5>\n<table>\n <tbody>\n <tr>\n <td>Belgium</td>\n <td style=\"width:10px;\"> </td>\n <td>Bel 20 and Bel Mid</td>\n </tr>\n <tr>\n <td>Canada</td>\n <td style=\"width:10px;\"> </td>\n <td>S&P / TSX Listed Companies with revenues over C$1billion (100) </td>\n </tr>\n <tr>\n <td>Chile</td>\n <td style=\"width:10px;\"> </td>\n <td>S&P / CLX IGPA (91)</td>\n </tr>\n <tr>\n <td>Denmark</td>\n <td style=\"width:10px;\"> </td>\n <td>OMX Copenhagen (25)</td>\n </tr>\n <tr>\n <td>Finland</td>\n <td style=\"width:10px;\"> </td>\n <td>OMX Helsinki (25)</td>\n </tr>\n <tr>\n <td>France</td>\n <td style=\"width:10px;\"> </td>\n <td>CAC 40 and SBF 120</td>\n </tr>\n <tr>\n <td>Hong Kong</td>\n <td style=\"width:10px;\"> </td>\n <td>Hang Seng Composite Large Cap Index (HSLI) (119)</td>\n </tr>\n <tr>\n <td>Ireland</td>\n <td style=\"width:10px;\"> </td>\n <td>ISEQ 20</td>\n </tr>\n <tr>\n <td>Italy</td>\n <td style=\"width:10px;\"> </td>\n <td>37 (FTSE MIB) + 63 (Mid Cap, Small Cap, Other) </td>\n </tr>\n <tr>\n <td>Japan</td>\n <td style=\"width:10px;\"> </td>\n <td>NIKKEI 225</td>\n </tr>\n <tr>\n <td>Netherlands</td>\n <td style=\"width:10px;\"> </td>\n <td>AEX / AMX (50)</td>\n </tr>\n <tr>\n <td>Norway</td>\n <td style=\"width:10px;\"> </td>\n <td>OBX (25) </td>\n </tr>\n <tr>\n <td>Singapore</td>\n <td style=\"width:10px;\"> </td>\n <td>Straits Times Index (STI) Top 30 Companies</td>\n </tr>\n <tr>\n <td>South Africa</td>\n <td style=\"width:10px;\"> </td>\n <td>JSE Top 50 companies</td>\n </tr>\n <tr>\n <td>Spain</td>\n <td style=\"width:10px;\"> </td>\n <td>Top 100 listed companies (including IBEX 35)</td>\n </tr>\n <tr>\n <td>Sweden</td>\n <td style=\"width:10px;\"> </td>\n <td>OMX Stockholm (25)</td>\n </tr>\n <tr>\n <td>Switzerland</td>\n <td style=\"width:10px;\"> </td>\n <td>SMI & SMI Mid (45) </td>\n </tr>\n <tr>\n <td>Turkey</td>\n <td style=\"width:10px;\"> </td>\n <td>BIST 30 </td>\n </tr>\n <tr>\n <td>United Kingdom</td>\n <td style=\"width:30px;\"> </td>\n <td>FTSE 100 + Top 50 FTSE 250</td>\n </tr>\n <tr>\n <td>United States</td>\n <td style=\"width:20px;\"> </td>\n <td>S&P 500</td>\n </tr>\n </tbody>\n</table>\n<p> </p>\n<p> Denmark, Finland, Norway and Sweden's top companies are analysed together in the Nordic Board Index.</p>\n<p> Note: The 12-month period covered varies according to local year-ends. <a href=https://www.spencerstuart.com/"/contact-us/" target=\"_blank\">Contact us</a> for additional information.</p>","legendLowLabel":"Lowest ","legendHighLabel":"Highest ","usdExchangeRate":1.085568,"noDataLabel":"n/a"}">