The 2018 Houston Spencer Stuart Board Index examines trends in board of directors’ composition, practices and compensation among Houston’s leading organizations. The 84 companies included in this year’s index are headquartered in the Houston area, and are publicly traded on one of the major stock exchanges.
Among the highlights of this year’s index:
- A total of 72 new independent directors were added, a 60% increase from 45 in 2017.
Houston companies added 24 new female independent directors to boards in 2018, representing 33% of new directors. In 2017, seven new female directors made up 16% of the class of new board members.
Fifty-eight percent of Houston boards report having a mandatory retirement age, down from 67% in 2017.
Of the 72 new directors appointed in 2018, 43% have a background in energy and utilities, 13% are from industrial manufacturing and 13% come from private equity. Houston boards also added six new directors from high-tech and telecommunications.