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2018 Russia Spencer Stuart Board Index

2018 Russia Spencer Stuart Board Index

The fifth edition of the Russia Board Index focuses on 42 of the top listed companies by market value in the Russian Exchange. Our analysis is based on data available for the most recent fiscal year.

Our purpose is to provide business leaders with a snapshot of current practice on Russian boards. In addition to data for each company, we include a detailed chart showing how Russian boards compare with the boards of leading companies in the US and other European markets on a key range of governance measures.

The fifth edition of the Russia Board Index focuses on 42 of the top listed companies by market value in the Russian Exchange. Our analysis is based on data available for the most recent fiscal year.

Our purpose is to provide business leaders with a snapshot of current practice on Russian boards. In addition to data for each company, we include a detailed chart showing how Russian boards compare with the boards of leading companies in the US and other European markets on a key range of governance measures.

Highlights of this edition include:

  • Russian boards hold an average 6.4 in-person meetings per year on average and 21.4 in total.
  • Only 7.8% of Russian directors are female
  • The average age of directors is 54.5 years, younger than in other European countries
  • 38.1% of directors are independent
  • 22% of all directors were appointed during the last year (up from 14% in 2017)
  • The average retainer fee paid to independent non-executive directors was 7,018,261 ₽

Highlights of this edition include:

  • Russian boards hold an average 6.4 in-person meetings per year on average and 21.4 in total.
  • Only 7.8% of Russian directors are female
  • The average age of directors is 54.5 years, younger than in other European countries
  • 38.1% of directors are independent
  • 22% of all directors were appointed during the last year (up from 14% in 2017)
  • The average retainer fee paid to independent non-executive directors was 7,018,261 ₽