Boards of directors for technology industry companies are continuing to become more diverse, not just adding more new directors from underrepresented racial and ethnic groups as well as more women, but also taking other steps to make boards younger and less tenured than ever before. Meanwhile, a record number of new directors were filled by active directors in 2022, while executives with technology industry backgrounds filled more new director seats than the year before — signs that boards are seeking leaders who are up-to-speed on the latest trends in a rapidly changing industry.
These findings are just a few of the many that the latest U.S. Technology Spencer Stuart Board Index examines for the 200 top technology companies in the United States.
Average tech board director tenure
Percent of new directors who are women
Percent of boards with mandatory retirement age
Percent of new directors with technology industry background
Average compensation in stock awards
New independent directors in 2021
Percent of boards that separate CEO and chair roles
Average number of board meetings