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14th Annual Retail & Apparel Spencer Stuart Board Index

14th Annual Retail & Apparel Spencer Stuart Board Index

Spencer Stuart is pleased to present the 14th edition of the Retail & Apparel Spencer Stuart Board Index, which highlights the latest data and trends in board composition, board practices and director compensation for 114 of the top U.S. retail and apparel companies.

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Spencer Stuart is pleased to present the 14th edition of the Retail & Apparel Spencer Stuart Board Index, which highlights the latest data and trends in board composition, board practices and director compensation for 114 of the top U.S. retail and apparel companies.

Download now > 

Highlights include:

  • The percentage of new directors increased from 2017: 11% of the 866 independent directors on retail and apparel boards are new to their boards this year, up from 8% in 2017. In all, retail and apparel boards added 96 new directors during the 2018 proxy year.
  • Progress on the gender diversity front was mixed. Fewer retail and apparel boards have least one female director, 95% versus 96% last year. The total number of female directors on retail and apparel boards increased 1.4% in 2018 — from 285 to 289 — and the percentage of female directors has increased over the past decade from 18% in 2007 to 27% today.
  • While 71% of S&P 500 boards disclose a mandatory retirement age for directors, just 54% of retail and apparel boards report such a policy. Among the retail boards reporting a mandatory retirement age, 47% set retirement at 72, and 51% set it at 73 or higher.
  • The average cash retainer for retail and apparel boards continues to climb — the average retainer is $76,296, up 4% from the 2017 average of $73,381.

Highlights include:

  • The percentage of new directors increased from 2017: 11% of the 866 independent directors on retail and apparel boards are new to their boards this year, up from 8% in 2017. In all, retail and apparel boards added 96 new directors during the 2018 proxy year.
  • Progress on the gender diversity front was mixed. Fewer retail and apparel boards have least one female director, 95% versus 96% last year. The total number of female directors on retail and apparel boards increased 1.4% in 2018 — from 285 to 289 — and the percentage of female directors has increased over the past decade from 18% in 2007 to 27% today.
  • While 71% of S&P 500 boards disclose a mandatory retirement age for directors, just 54% of retail and apparel boards report such a policy. Among the retail boards reporting a mandatory retirement age, 47% set retirement at 72, and 51% set it at 73 or higher.
  • The average cash retainer for retail and apparel boards continues to climb — the average retainer is $76,296, up 4% from the 2017 average of $73,381.