Hospitality & Leisure Corporate Governance Snapshot 2017
The Hospitality & Leisure Corporate Governance Snapshot highlights trends in director recruitment, board processes and compensation for 20 U.S. hospitality and leisure companies, and compares them to the broader S&P 500 index.
- One hundred percent of hospitality and leisure boards have at least one female director, which became the case just last year. Eighty-five percent have two or more female directors.
- The average age of independent directors on hospitality company boards is 60.1, three years younger than the S&P 500 average of 63.1.
- The average tenure of hospitality company boards is roughly a year shorter than the S&P 500 average, 7.3 years versus 8.2.
- Only 45% of hospitality company boards report having a mandatory retirement age for directors, compared with 73% of S&P 500 companies.
- The total average per-director compensation for hospitality company directors is $290,855, compared to the S&P 500 average of $288,909.
- Sixty percent of hospitality company boards separate the chair and CEO roles, compared with 51% of S&P 500 boards.
- Ninety percent of hospitality company boards have annual director elections.
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