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Board Governance: International Comparison Chart

Board Governance: International Comparison Chart

Spencer Stuart publishes Board Indexes covering more than 25 countries around the world. The majority of these Board Indexes are published annually, with a few appearing on alternate years.

We have compiled key data from all these countries into our 2019 International Comparison Chart below, where you can compare nationally aggregated data from leading companies across a wide range of measures from board size, composition and diversity to director tenure and compensation.

For an interactive, graphical representation of international board data visit ourBoards Around The World feature.

To explore our many Board Indexes in more detail at country and company level, and to access our latest thinking on boardroom topics, please visit Board Governance Trends.

 

Spencer Stuart publishes Board Indexes covering more than 25 countries around the world. The majority of these Board Indexes are published annually, with a few appearing on alternate years.

We have compiled key data from all these countries into our 2019 International Comparison Chart below, where you can compare nationally aggregated data from leading companies across a wide range of measures from board size, composition and diversity to director tenure and compensation.

For an interactive, graphical representation of international board data visit ourBoards Around The World feature.

To explore our many Board Indexes in more detail at country and company level, and to access our latest thinking on boardroom topics, please visit Board Governance Trends.

 

Board metrics

Country Sample size Board meeting/year % boards with an external evaluation % boards with combined chairman and CEO % boards with a vice chair, SID or lead director Av. board size (total) Av. board size (excl. employee representatives) Av. # independent board members % independent board members Av. # non-executive directors Av. # executive directors Av. age: all directors Av. age chairmen Av. age: non-executive directors Av. age: executive directors Av. tenure (chairman and non-executives) % foreign board members (all) % foreign chairmen % foreign non-executive directors % female board directors (all) % female chairmen % female CEOs % boards with at least 30% female directors % new board members % women among new board members % non-nationals among new board members % first time new directors Av. retainer for non-exec directors23 Av. total fees for non-exec directors23 Av. total fee for chairmen Av. fee for audit committee membership Av. fee for remuneration committee membership Av. fee for nomination committee membership
Brazil 186 17.2 10% 0.5% 61% 8.4 n/a 3.3 39% 7.7 0.7 57.2 61.2 56.7 54.3 - 9.2% 7% 8.2% 10.5% 7.3% 1% 7% 20% 14.4% 9.2% - n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1
Canada 100 8 n/a 14% 29% 11 9.7 8.9 81% 9 1.3 62 64.3 62 58.6 7.3 28% 19% 32.6% 30% 12% 4% 53% 8.3% 49% 31% 32% €118,5742 €153,864 €206,048 €7,136 €6,685 €5,994 $130,5232 $169,369 $226,811 $7,855 $7,358 $6,598
Colombia 32 12.1 13% 6.3% 74% 9.7 n/a 4.5 42% 8.1 0.83 58.7 61.4 n/a n/a 8.5 16.2% 13.9% n/a 12% 5.6% 8.3% 15.6% 8.9% 24.7% 32% n/a n/a €28,8524 €40,4724 n/a n/a n/a n/a $31,7594 $44,5504 n/a n/a n/a
Denmark 25 9 25% 0% 96% 9.8 6.8 5.2 77.1% 5.8 0 58.9 63 58.6 48.65 5.1 41.8% 28% 44.4% 28.8% 0% 0% 96% 17.1% 48.3% 44.8% 3.5% €53,353 €85,925 €288,557 €23,115 €18,360 €18,815 $58,729 $94,584 $317,635 $25,444 $20,210 $20,711
Finland 25 11.9 16.7% 0% 96% 8.2 7.9 6.4 80.3% 6.8 0 58.5 61.5 58.3 47 4.9 35.4% 12% 39.2% 33.8% 0% 4.2% 96% 9.1% 38.9% 44.4% 3.5% €59,394 €75,151 €146,854 €7,793 €6,622 €6,100 $65,379 $82,724 $161,652 $8,578 $7,289 $6,715
France 40 9.3 72.5% 52.5% 77.5% 13.6 12.1 7.8 68% 12 1.1 59.1 63.3 58.9 59.1 5.5 36.6% 15% 33.7% 47.4% 2.5% 2.5% 95% 9.6% 57.7% 34.6% 38% €29,923 €89,022 €666,832 €24,467 €14,694 €15,906 $32,938 $97,993 $734,029 $26,933 $16,175 $17,509
Germany 30 7.2 10% 0% 100% 16 8.6 n/a 62%6 15 - 617 68 597 - 5.77 31.5% 13% 30%7 32.3%7 7%7 n/a 83%8 21%7 27.8%7 22.2%7 n/a €96,967 n/a n/a €47,058 n/a n/a $106,738 n/a n/a $51,800 n/a n/a
Italy 100 11.7 41% 17% 39% 11.4 n/a 6.1 54% 9 2.4 57.2 63 56.8 57.4 4.7 8% 5% 9.5% 35% 10% 8% 92% 16% 41% 9% n/a €60,500 €92,000 €911,0009 €21,200 €16,200 €16,700 $66,597 $101,271 $1,002,8019 $23,336 $17,832 $18,383
Netherlands 50 7.2 20% 0% 80% 9.6 9.6 5.7 85% 5.4 2.6 61.9 66.5 61 53.6 4.8 41,1% 16% 49.3% 21,9% 6% 6% 40% 12.9% 29.9% 44.8% 41.5% €57,769 €75,513 €156,651 €10,461 €12,551 €7,522 $63,590 $83,122 $172,437 $11,516 $13,816 $8,280
Norway 25 11.1 22.2% 0% 56% 8.6 6.2 4.5 85.1% 5.8 0 55.9 63 56.1 67 5.2 27.9% 20% 29.5% 40.9% 16% 12% 20% 10.4% 56.3% 43.8% 5.2% €31,330 €43,274 €71,612 €8,310 €4,546 n/a $34,487 $47,635 $78,828 $9,147 $5,004 n/a
Spain 100 10.8 36% 48% 65% 11 n/a 4.8 44% 9.2 1.8 60.4 64.2 - 5710 6.411 20.9% 11% 22% 20.9% 7% 2% 24% 13% 26% 21% 24% €78,856 €122,976 €363,981 €26,926 €30,60512 €29,71312 $86,802 $135,368 $400,659 $29,639 $33,68912 $32,70712
Sweden 25 11 22.2% 0% 44% 10.2 8.5 5.8 68.1% 7 0.6 59.1 63.9 58.8 54.4 5.4 26.8% 16% 29.3% 39.9% 16% 8% 96% 8.5% 33.3% 33.3% 2.3% €62,181 €70,830 €213,358 €17,147 €9,342 n/a $68,447 $77,968 $234,858 $18,875 $10,283 n/a
Switzerland 47 8.2 2.2% 4.3% 87.2% 9.4 9.3 8.1 87.2% 7.9 0.6 60 63.8 59.7 57.3 6.1 53.7% 29.8% 56.6% 24.9% 4.3% 2.1% 31.9% 16% 34.3% 62.9% 48.8% €167,392 €254,995 €1,316,374 €35,773 €29,057 €27,711 $184,260 $280,690 $1,449,025 $39,378 $31,985 $30,504
Turkey 28 21.6 0% 11% 100% 9.8 n/a 3.3 33.1% 7.9 1.1 58.5 58.1 59.1 54.7 6 18% 7.1% 20% 18.5% 14% 0% 21.4% 17.8% 4.1% 14.3% 34.7% €48,18615 n/a n/a n/a n/a n/a $53,04215 n/a n/a n/a n/a n/a
UK 150 7.6 37.3% 0% 100% 10.3 10.2 6.4 62.7% 6.8 2.5 59.2 66 60 54.3 4.4 33.2% 19.1% 38.4% 30.6% 3.3% 4.7% 56% 14.8% 44.9% 40.1% 35.8% €78,236 €105,487 €457,122 €16,881 €14,544 €11,109 $86,120 $116,117 $503,186 $18,582 $16,010 $12,228
USA 492 7.9 13% 47% 75% 10.7 n/a 9.1 85% 1.618 0.2 n/a n/a 62.719 n/a n/a 8%20 n/a n/a 26.3% n/a 5% 34% 9.6% 46%21 13%21 27%21 €114,542 €276,694 €156,22622 €12,568 €10,532 €8,531 $126,084 $304,577 $171,96922 $13,834 $11,593 $9,390
Footnotes

Board metrics

Country Sample size Board meeting/year % boards with an external evaluation % boards with combined chairman and CEO % boards with a vice chair, SID or lead director Av. board size (total) Av. board size (excl. employee representatives) Av. # independent board members % independent board members Av. # non-executive directors Av. # executive directors Av. age: all directors Av. age chairmen Av. age: non-executive directors Av. age: executive directors Av. tenure (chairman and non-executives) % foreign board members (all) % foreign chairmen % foreign non-executive directors % female board directors (all) % female chairmen % female CEOs % boards with at least 30% female directors % new board members % women among new board members % non-nationals among new board members % first time new directors Av. retainer for non-exec directors23 Av. total fees for non-exec directors23 Av. total fee for chairmen Av. fee for audit committee membership Av. fee for remuneration committee membership Av. fee for nomination committee membership
Brazil 186 17.2 10% 0.5% 61% 8.4 n/a 3.3 39% 7.7 0.7 57.2 61.2 56.7 54.3 - 9.2% 7% 8.2% 10.5% 7.3% 1% 7% 20% 14.4% 9.2% - n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1 n/a1
Canada 100 8 n/a 14% 29% 11 9.7 8.9 81% 9 1.3 62 64.3 62 58.6 7.3 28% 19% 32.6% 30% 12% 4% 53% 8.3% 49% 31% 32% €118,5742 €153,864 €206,048 €7,136 €6,685 €5,994 $130,5232 $169,369 $226,811 $7,855 $7,358 $6,598
Colombia 32 12.1 13% 6.3% 74% 9.7 n/a 4.5 42% 8.1 0.83 58.7 61.4 n/a n/a 8.5 16.2% 13.9% n/a 12% 5.6% 8.3% 15.6% 8.9% 24.7% 32% n/a n/a €28,8524 €40,4724 n/a n/a n/a n/a $31,7594 $44,5504 n/a n/a n/a
Denmark 25 9 25% 0% 96% 9.8 6.8 5.2 77.1% 5.8 0 58.9 63 58.6 48.65 5.1 41.8% 28% 44.4% 28.8% 0% 0% 96% 17.1% 48.3% 44.8% 3.5% €53,353 €85,925 €288,557 €23,115 €18,360 €18,815 $58,729 $94,584 $317,635 $25,444 $20,210 $20,711
Finland 25 11.9 16.7% 0% 96% 8.2 7.9 6.4 80.3% 6.8 0 58.5 61.5 58.3 47 4.9 35.4% 12% 39.2% 33.8% 0% 4.2% 96% 9.1% 38.9% 44.4% 3.5% €59,394 €75,151 €146,854 €7,793 €6,622 €6,100 $65,379 $82,724 $161,652 $8,578 $7,289 $6,715
France 40 9.3 72.5% 52.5% 77.5% 13.6 12.1 7.8 68% 12 1.1 59.1 63.3 58.9 59.1 5.5 36.6% 15% 33.7% 47.4% 2.5% 2.5% 95% 9.6% 57.7% 34.6% 38% €29,923 €89,022 €666,832 €24,467 €14,694 €15,906 $32,938 $97,993 $734,029 $26,933 $16,175 $17,509
Germany 30 7.2 10% 0% 100% 16 8.6 n/a 62%6 15 - 617 68 597 - 5.77 31.5% 13% 30%7 32.3%7 7%7 n/a 83%8 21%7 27.8%7 22.2%7 n/a €96,967 n/a n/a €47,058 n/a n/a $106,738 n/a n/a $51,800 n/a n/a
Italy 100 11.7 41% 17% 39% 11.4 n/a 6.1 54% 9 2.4 57.2 63 56.8 57.4 4.7 8% 5% 9.5% 35% 10% 8% 92% 16% 41% 9% n/a €60,500 €92,000 €911,0009 €21,200 €16,200 €16,700 $66,597 $101,271 $1,002,8019 $23,336 $17,832 $18,383
Netherlands 50 7.2 20% 0% 80% 9.6 9.6 5.7 85% 5.4 2.6 61.9 66.5 61 53.6 4.8 41,1% 16% 49.3% 21,9% 6% 6% 40% 12.9% 29.9% 44.8% 41.5% €57,769 €75,513 €156,651 €10,461 €12,551 €7,522 $63,590 $83,122 $172,437 $11,516 $13,816 $8,280
Norway 25 11.1 22.2% 0% 56% 8.6 6.2 4.5 85.1% 5.8 0 55.9 63 56.1 67 5.2 27.9% 20% 29.5% 40.9% 16% 12% 20% 10.4% 56.3% 43.8% 5.2% €31,330 €43,274 €71,612 €8,310 €4,546 n/a $34,487 $47,635 $78,828 $9,147 $5,004 n/a
Spain 100 10.8 36% 48% 65% 11 n/a 4.8 44% 9.2 1.8 60.4 64.2 - 5710 6.411 20.9% 11% 22% 20.9% 7% 2% 24% 13% 26% 21% 24% €78,856 €122,976 €363,981 €26,926 €30,60512 €29,71312 $86,802 $135,368 $400,659 $29,639 $33,68912 $32,70712
Sweden 25 11 22.2% 0% 44% 10.2 8.5 5.8 68.1% 7 0.6 59.1 63.9 58.8 54.4 5.4 26.8% 16% 29.3% 39.9% 16% 8% 96% 8.5% 33.3% 33.3% 2.3% €62,181 €70,830 €213,358 €17,147 €9,342 n/a $68,447 $77,968 $234,858 $18,875 $10,283 n/a
Switzerland 47 8.2 2.2% 4.3% 87.2% 9.4 9.3 8.1 87.2% 7.9 0.6 60 63.8 59.7 57.3 6.1 53.7% 29.8% 56.6% 24.9% 4.3% 2.1% 31.9% 16% 34.3% 62.9% 48.8% €167,392 €254,995 €1,316,374 €35,773 €29,057 €27,711 $184,260 $280,690 $1,449,025 $39,378 $31,985 $30,504
Turkey 28 21.6 0% 11% 100% 9.8 n/a 3.3 33.1% 7.9 1.1 58.5 58.1 59.1 54.7 6 18% 7.1% 20% 18.5% 14% 0% 21.4% 17.8% 4.1% 14.3% 34.7% €48,18615 n/a n/a n/a n/a n/a $53,04215 n/a n/a n/a n/a n/a
UK 150 7.6 37.3% 0% 100% 10.3 10.2 6.4 62.7% 6.8 2.5 59.2 66 60 54.3 4.4 33.2% 19.1% 38.4% 30.6% 3.3% 4.7% 56% 14.8% 44.9% 40.1% 35.8% €78,236 €105,487 €457,122 €16,881 €14,544 €11,109 $86,120 $116,117 $503,186 $18,582 $16,010 $12,228
USA 492 7.9 13% 47% 75% 10.7 n/a 9.1 85% 1.618 0.2 n/a n/a 62.719 n/a n/a 8%20 n/a n/a 26.3% n/a 5% 34% 9.6% 46%21 13%21 27%21 €114,542 €276,694 €156,22622 €12,568 €10,532 €8,531 $126,084 $304,577 $171,96922 $13,834 $11,593 $9,390
Footnotes