In the wake of the nationwide discussion about the racial equity gap in business, technology industry companies in 2021 made a determined effort to add new Black directors to their boards, albeit at a slower pace than the S&P 500. Meanwhile, gender diversity also continued to rise, with nearly half (48%) of all new directors. And, of course, boards worked hard to help their companies navigate the COVID-19 pandemic and the associated disruptions.
These trends 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