November, 2019

Events and Insights


  Latest  Hot Topics in Governance Session: Differences That Make a Difference

Jorge Titinger and Pedro Espinoza put our worldview on tilt with their new data  about the impact of diversity and inclusion on business performance around the globe. FOr those who missed it, their new book is a worthy read. 


Boardwise is proud to be members of Portfolia's progressive investment community. 
We will present at its annual Summit Event this week, November 13-15th.


Creating what they want to see in the world!

Learn more about this organization and why we respect its model and mission. 

Keeping up on Governance with Online Learning

Illumeo is the award-winning platform for professional online learning and certification. We are proud to contribute to its board skills content. 

The Myths and Realities of Corporate Cyber-Security


5 Star Ratings:
Brian did an excellent job developing and delivering the course content. I've taken over ten courses on this site so far and I took the most applicable content from this training out of all of those courses.

 Feel free to review all our courses on illumeo. 



 Looking for Qualified Directors?

 Our international registry includes vetted, qualified directors from around the globe. 

You can join our registry as well to be considered by our corporate members who seek ideal directors for their boards.  

Contact us to learn more about how our Board Bona Fide Registry can help you!  




Governance Trends to Watch 

Changes to Watch Around the Globe


Our work studying best practices in governance constantly reminds us of how much experiementation is underway by countries and market sectors to discover ways to improve the results and impact of governance. 

Here are some trends to note: 


  • Push for diversity – In the past year, of the 432 independent directors added to S&P 500 boards, 59% are diverse (defined as women and minority men). Canada redefined diversity to expand inclusion and are moving from principle-based to regulatory-based policies to influence diversity-related changes. 
  • Expansion of director experience profiles - The classical c-suite director composition is making way for broader perspectives. Of S&P 500 directors this year, 65% of newly added directors are from outside the ranks of CEO, chair/vice chair, president and COO. 
  • Sitting CEOs narrow their outside board work - Limiting outside board service,  59% of S&P500 CEOs now serve on no outside boards
  • Boardroom turnover rates slow – Boards continue to raise retirement ages. This year, 46% of S&P 500 companies set etirement age at 75 or older compared to just 15% ten years ago.Since new directors are only 8% of all S&P 500 directors, do not expect to see much change in overall composition of boards for some time. 
  • Executive compensation design leans on grants -   Named executive officers (NEOs) at Equilar 500 companies show more weight on stock grants in their compensation packages. The Equilar 500  an index comprised of the largest US-based companies, by revenue trading stock exchanges, show trends in the past five years:
  • Stock was used in 95.2% of all equity compensation packages granted to NEOs at Equilar 500 companies in 2018.
  • Fluctuations in amounts of stock or options granted aside, the average value of all equity awards has continually risen in the past five years.
  • LTIP units account for 63.5% of all performance equity awarded to NEOs at Equilar 500 companies last year.
  • Options made up 2% of the total performance equity awards in 2018 and were granted to 48.7% of Equilar 500 NEOs.

 Let's add to this a new nudge movement, with 

  • The Candor Clause - is an open-source legal disclosure for inclusion in fundraising documents to foster conversations between founders and investors about gender equality. This initiative is to establish open discussion between companies and possible investors before they agree to partner and become governanace partners. Started by one early stage company, here is a link to background information: 


          The spirit behind this appears to encourage the setting
          of  common expectations about values and practices
          before investments are made and to build more
          effective business relationships. 

The initial company and law firm involved have made their clause available for others to use and hope to encourage others to adopt transparent, open discussions with potential business partners. 

We continue to study the long-term impact and value of governance practices to keep all informed regarding opportunities for best practices in the future.  
For more information about best practices in governance, contact us to learn more about our Global Governance support.


34th edition of the U.S. Spencer Stuart Board Index include
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