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Board Governance: International Comparison Chart

March 2022

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 these countries into our 2021 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 our Boards Around The World feature.

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

 

Board metrics

Country Board meetings/year % boards with an external evaluation Av. board size (total) % independent board members Average non-exec director age Average chair age Average tenure (non-exec) Foreign board members Female directors Female chairs Female CEOs Boards with ≥30% female directors % women among new board members % non-nationals among new board members % first time new directors Av. total director fees (€) Av. total chair fees (€) Av. total director fees ($) Av. total chair fees ($)
Belgium 10 13% 9 53% 59 64 7 34% 36% 9% 5% 95% 44% 40% 44% €56,996 €128,304 $67,426 $151,784
Canada 10 n/a 11 81% 63 66 7 29% 33% 12% 3% 69% 40% 39% 40% €160,377 €312,943 $189,725 $370,212
Chile n/a n/a 8 20% n/a n/a n/a 18% 11% n/a n/a 13% n/a n/a n/a n/a n/a
Denmark 12 n/a 10 54% 59 62 5 51% 36% 8% 8% 60% 47% 47% 23% €94,979 €224,646 $112,360 $265,756
Finland 17 n/a 8 83% 59 63 4.7 39% 35% 4% 8% 76% 30% 30% 42% €81,921 €152,387 $96,913 $180,274
France 12 68% 14 57% 59 61 6.4 36% 46% 9% 5% 97% 40% 29% 69% €84,333 €605,697 $99,766 $716,540
Ireland 14 45% 10 68% 59 66 4.6 28% 29% 5% 15% 40% 34% 29% 4% n/a €262,658 n/a $310,724
Italy 13 45% 11 55% 57 64 4.7 7% 39% 15% 9% 94% 48% 10% 55% €85,000 €860,000 $100,555 $1,017,380
Japan 14 n/a 11 42% 64 n/a n/a 4% 13% n/a % 4% n/a n/a n/a €95,818 $113,353
Hong Kong SAR 7 3% 11 43% 59 60 n/a 15% 14% 7% 4% 11% 18% 11% 43% €80,304 n/a $95,000 n/a
Norway 12 n/a 9 61% 56 62 4.5 30% 45% 20% 20% 100% 48% 26% 48% €45,723 €69,385 $54,091 $82,083
Spain 13 35% 11 46% 60 65 3.9 19% 27% 7% 2% 42% 46% 28% 58% €122,455 €389,108 $144,864 $460,315
Sweden 13 n/a 10 57% 59 65 6.2 25% 39% 8% 20% 88% 60% 35% 35% €79,930 €236,426 $94,557 $279,692
Switzerland 8 2% 11 90% 61 64 6.6 58% 27% 9% 2% 42% 39% 68% 2% €251,060 €1,275,044 $297,004 $1,508,377
Turkey 27 n/a 10 35% 59 58 6.1 8% 19% 11% % 18% 14% % 38% n/a n/a n/a n/a
UK 8 44% 10 72% 61 65 4.3 34% 36% 10% 8% 67% 38% 33% 25% €123,177 €455,725 $145,719 $539,122
United States 9 24% 11 86% n/a n/a 7.7 n/a 30% 5% 5% 50% 43% 16% 35% €258,502 €395,118 $305,808 $467,425