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2018 Canada Spencer Stuart Board Index

2018 Canada Spencer Stuart Board Index

The 2018 Canada Spencer Stuart Board Index (CSSBI), now in its 23rd year, highlights trends in board composition, director compensation and selected governance practices at 100 publicly traded Canadian companies (the CSSBI 100) with annual revenues exceeding C$1 billion. Additionally, the CSSBI provides selected board comparisons between CSSBI 100 and U.S. S&P 500 listed companies within the same revenue range.

The 2018 Canada Spencer Stuart Board Index (CSSBI), now in its 23rd year, highlights trends in board composition, director compensation and selected governance practices at 100 publicly traded Canadian companies (the CSSBI 100) with annual revenues exceeding C$1 billion. Additionally, the CSSBI provides selected board comparisons between CSSBI 100 and U.S. S&P 500 listed companies within the same revenue range.

Highlights of the 2018 CSSBI include:

  • 98 new non-executive directors were appointed in 2018, a six-year high.
  • 42% of new non-executive directors were non-residents of Canada, matching a six-year high.
  • 30% of all non-executive directors appointed were women, compared to 40% in 2017.
  • 50% of the boards (compared to 41 in 2017) had established minimum targets for the number of women who should be serving as directors on their board.
  • For 28% of all non-executive directors appointed, it was their first-time serving on the board of a publicly traded company.
  • 41% disclosed having neither a mandatory retirement age nor a term limit in effect for their non-executive directors.
  • Median total non-executive director compensation (including equity) was $200,000, a 3.1% increase over 2017.

Highlights of the 2018 CSSBI include:

  • 98 new non-executive directors were appointed in 2018, a six-year high.
  • 42% of new non-executive directors were non-residents of Canada, matching a six-year high.
  • 30% of all non-executive directors appointed were women, compared to 40% in 2017.
  • 50% of the boards (compared to 41 in 2017) had established minimum targets for the number of women who should be serving as directors on their board.
  • For 28% of all non-executive directors appointed, it was their first-time serving on the board of a publicly traded company.
  • 41% disclosed having neither a mandatory retirement age nor a term limit in effect for their non-executive directors.
  • Median total non-executive director compensation (including equity) was $200,000, a 3.1% increase over 2017.