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Houston Board Index 2017

The Spencer Stuart 2017 Houston Board Index examines trends in board composition, practices and compensation among Houston’s leading companies. The 83 companies included in the index were featured in the Houston Chronicle’s “List of Top 100 Companies,” have their headquarters in the Houston area, and are publicly traded on one of the major stock exchanges (NYSE or NASDAQ).

Among the highlights of this year’s Houston Board Index:

  • Twenty-nine of the 83 companies in the index added new independent directors in 2017. A total of 45 new independent directors were added, down from 50 in 2016 and 65 in 2015.
  • Houston companies added seven new female independent directors to boards last year, representing 16% of new directors, and 16% of all directors are women. Seventy-six percent of Houston companies have at least one female director, and 29% have two or more.
  • Sixty-seven percent of Houston boards report having a mandatory retirement age.
  • Sixty-nine percent of Houston company boards separate the chair and chief executive officer roles.
  • The average cash retainer increased modestly to $78,309 in 2017.
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