The 2009 UK Board Index covers 150 of the largest companies by market value at the end of April 2009, excluding investment trusts.
It looks at trends in board governance, composition and director remuneration.
The highlights of this year’s Board Index are:
- Seventeen new entrants
- Changes in constituents are due to performance rather than corporate activity
- Senior independent director pay increased by almost 13 per cent
- Average basic non-executive director’s fee is £54,000, up eight per cent
- For the second successive year fewer companies have one or more woman non-executive director — 63 per cent, down from 72.6 per cent in 2007
- More companies have a separate risk committee
- Two thirds of companies conducted an internal board evaluation
- Average tenure of both chairman and chief executive has risen
For information about copying, distributing and displaying this work, contact permissions@spencerstuart.com.