Spencer Stuart is pleased to present the 13th 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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Highlights include:

• A rise in the number of women: The percentage of female retail board directors is 25%, up from 23% last year and higher than the S&P 500 figure of 22%.
• Slight drop in new directors: 8% of the 906 independent directors on retail and apparel boards are new to their boards this year, down from 11% in 2016.
• Cash retainer figure increases: The average per-director cash retainer of $73,381 is 2.6% higher than its 2016 figure of $71,525, but below the S&P 500 average of $120,409.