First-time directors are gaining in prominence, according to Board Monitor US 2022, a publication from executive search firm Heidrick & Struggles. In fact, the report found that 43% of seats filled by Fortune 500 boards in 2021 went to individuals who were serving on their first board.Â
Laryssa Topolnytsky, a partner with Heidrick & Struggles, says the record-level of first-time appointees is indicative of a business landscape that is willing to shift its definition of what makes an effective board and who makes an ideal board member.Â