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2018 Atlanta Spencer Stuart Board Index

2018 Atlanta Spencer Stuart Board Index

The 2018 Atlanta Spencer Stuart Board Index examines trends in board composition, practices and compensation among Atlanta’s leading companies. The 44 companies included in the index have earnings of greater than $1B: 25 of the companies have revenues between $1B and $5B, while 19 companies have revenues greater than $5B.

Among the highlights of this year’s Atlanta Spencer Stuart Board Index:

The 2018 Atlanta Spencer Stuart Board Index examines trends in board composition, practices and compensation among Atlanta’s leading companies. The 44 companies included in the index have earnings of greater than $1B: 25 of the companies have revenues between $1B and $5B, while 19 companies have revenues greater than $5B.

Among the highlights of this year’s Atlanta Spencer Stuart Board Index:

  • Racial and ethnic diversity has been a vexing issue for Atlanta boards, but that appears to be changing. The percentage of minority board members on Atlanta companies increased from 7% in 2017 to 13% in 2018. A total of 40 new directors were added to Atlanta boards, and minorities made up nine of that number (23%). In 2017, minorities represented 13% of new directors.
  • The percentage of new Atlanta directors who are women dropped notably — that figure in 2018 was 33%, down from 61% the previous year. (It should be noted that this percentage has been trending upward overall — in 2016, women made up 23% of new Atlanta board members.) By comparison, women accounted for 40% of new S&P 500 directors.
  • Sixty-eight percent of Atlanta boards report having a mandatory retirement age, up from 50% in 2017. By comparison, 71% of S&P 500 boards report mandatory retirement policies.
  • Fifty-seven percent of Atlanta company boards separate the chair and chief executive officer roles, up from 50% in 2017.
  • The average cash retainer essentially stayed the same: the average retainer in 2018 is $77,349, compared with $77,988 in 2017.
  • Racial and ethnic diversity has been a vexing issue for Atlanta boards, but that appears to be changing. The percentage of minority board members on Atlanta companies increased from 7% in 2017 to 13% in 2018. A total of 40 new directors were added to Atlanta boards, and minorities made up nine of that number (23%). In 2017, minorities represented 13% of new directors.
  • The percentage of new Atlanta directors who are women dropped notably — that figure in 2018 was 33%, down from 61% the previous year. (It should be noted that this percentage has been trending upward overall — in 2016, women made up 23% of new Atlanta board members.) By comparison, women accounted for 40% of new S&P 500 directors.
  • Sixty-eight percent of Atlanta boards report having a mandatory retirement age, up from 50% in 2017. By comparison, 71% of S&P 500 boards report mandatory retirement policies.
  • Fifty-seven percent of Atlanta company boards separate the chair and chief executive officer roles, up from 50% in 2017.
  • The average cash retainer essentially stayed the same: the average retainer in 2018 is $77,349, compared with $77,988 in 2017.