12th Annual Retail & Apparel Board Index
Spencer Stuart is pleased to present the 12th edition of the Retail & Apparel Board Index, which highlights the latest data and trends in board composition, board practices and director compensation for 121 of the top U.S. retail and apparel companies.
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- A rise in the number of women: The percentage of female retail board directors is 23%, up from 21% last year and higher than the S&P 500 figure of 21%.
- Slight drop in mandatory retirement age: Some 49% of retail boards set a mandatory retirement age (down from 52% in 2015), compared with 73% of S&P 500 boards.
- Cash retainer figure increases: The average per-director cash retainer of $71,525 is 7% higher than its 2015 figure of $66,860, but almost 40% below the S&P 500 average of $118,521.
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