Director Data 4th Quarter
By Directors and Boards

CEO Trends

Record number of CEOs reached retirement age

• In 2017, nearly 17% of sitting CEOs reached retirement age (64 or older). That’s the highest rate since we began tracking successions.

Outsider CEOs gained steam

• Outsiders filled around 44% of vacancies. In both 2015 and 2016, they filled about 14%.

The best CEOs left less often

• The CEO succession rate at better-performing companies declined to about 7%, the lowest since 2002. This likely reflects pressure that new regulations and shareholders are putting on companies.

(Source: CEO Succession Practices: 2018 Edition. The Conference Board and Heidrick & Struggles)

Are companies dropping the reputation ball?

Roughly half of CEOs and board members acknowledge that their organizations lack the ability to identify reputation impacting events, analyze risks, and forecast impacts on brand and reputation. Separately, 59% of leaders lack a plan to develop or acquire tools to address reputation risks.

(Source: “Illuminating a path forward on strategic risk,” Deloitte)

 

 

 

Independent board leadership

In a review of S&P 1500 companies, independent board chairs have been experiencing the fastest increase since 2000. The study also found that women are less likely to be a board leader.

(Source: “Today’s independent board leadership landscape,” EY Center for Board Matters)

Cybersecurity & Risk

In the “Cybersecurity Disclosure Benchmarking” report, EY’s Center for Board Matters took a look at the risk and strategy behind voluntary cybersecurity statements from Fortune 100 companies. Of those companies:


Issue: 
2018 Fourth Quarter

Other related articles

  • Becoming a Purposeful Board
    Published February 22, 2019
    By Dale E. Jones
    Improving the world improves corporations.When we think of inspirational words, we often think of those from great leaders: the Rev. Dr. Martin Luther King, Jr., Mahatma Gandhi, Mother Teresa, Winston ...
  • My Board Journey: JULIANA CHUGG, Director, Caesars Entertainment Corp. and VF Corp
    Published February 21, 2019
    By Eve Tahmincioglu
    What was the process that led you to join Caesars Entertainment’s board? Did you know people in management or on the board?I was recruited via an executive search firm that consisted of an initial s ...
  • The Character of the Corporation: It’s a Wonderful Life — for Cats
    Published February 15, 2019
    By Eve Tahmincioglu
    In the midst of a housing crisis in Silicon Valley, two cats named Tina and Louise are living large in an apartment costing $1,500 a month. It’s just the two felines living alone because their owner ...
  • The Character of the Corporation: ESG ESG ESG
    Published February 15, 2019
    By Robert H. Rock
    Three letters are echoing throughout corporate boardrooms.SPECIAL REPORT:• The Character of the Corporation. (Intro) Delaware Supreme Court Chief Justice Leo Strine tells Directors &a ...