Professional Documents
Culture Documents
DATA SPOTLIGHT
There are approximately 40,000 directors of publicly traded companies in the U.S.
Directors who are active CEOs are being replaced by retired CEOs and directors with
other corporate executive experience.
SharkRepellant
BOARD INDEPENDENCE
Companies have gradually moved to separate the chairman and CEO roles.
Companies primarily separate chairman and CEO roles during a succession event,
often on a temporary basis.
However, companies also often combine the two roles as part of a succession.
Six 23 0.1%
Note: Data varies across sources depending on the attributes of the companies included in the sample, such as size and industry.
Equilar directorship data. Fiscal year ending June 2012 to May 2013.
Equilar. S&P 1500 Board Profile Committee Fees: Parts 1 and 2. 2013.
David F. Larcker and Brian Tayan. Chairman and CEO: The Controversy over Board Leadership. June 24, 2016. Stanford Closer Look
Series.
David F. Larcker, Brian Tayan, and Christina Zhu. A Meeting of the Minds: How Do Companies Distribute Knowledge and Workload
across Board Committees? December 8, 2014. Stanford Closer Look Series.
SharkRepellent, FactSet Research Systems, Inc. S&P 1500 Staggered (Classified) Board Trend Analysis 1999-Present. 2018.