The Spencer Stuart 2017 Atlanta Board Index examines trends in board composition, practices and compensation among Atlanta’s leading companies. The 42 companies included in the index have earnings of greater than $1B — 25 of the companies have revenues between $1B and $5B, while 17 companies have revenues greater than $5B.
Among the highlights of this year’s Atlanta Board Index:
- The percentage of new Atlanta directors who are women increased dramatically — that figure in 2017 was 61%, up from 23% the previous year. By comparison, women accounted for 36% of new S&P 500 directors.
- The percentage of minority board members on Atlanta companies decreased from 10% in 2016 to 7% in 2017. A total of 38 new directors were added to Atlanta boards, and minorities made up five of that number (13%).
- Fifty percent of Atlanta boards report having a mandatory retirement age, up slightly from 2016 but the overall pattern is trending downward — that figure was 68% in 2013.
- Fifty percent of Atlanta company boards separate the chair and chief executive officer roles, up from 43% in 2016.
- The average cash retainer decreased from $79,156 in 2016 to $77,988 in 2017.