Spencer Stuart, the executive search giant, does a lot more than just executive search these days. The firm increasingly is an exceptional source for research, studies, and content on the direction of global business, including issues that impact the recruiting profession.
In this study, Spencer Stuart looks at various statistics on board compositions from sixteen nations (Brazil, Canada, Colombia, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, Sweden, Switzerland, Turkey, United Kingdom, and the United States).
Findings from the study identify a vast range of the varying factors in board composition in these nations.
Board sizes, for instance, vary from nation to nation: Germany has the largest boards of the nations assessed with an average of 16 members per board. Finland has the smallest boards among the nations assessed with an average of 8.2 members.
The percent of independent directors on boards also vary enormously from nation to nation. Switzerland’s boards have the highest percent (87 percent) of independent directors on their boards. Turkey comes in with the lowest percent of independent directors with only 33 percent of Turkish boards having them.
The average age of directors by nation is similarly varied. The United States has the oldest average age (63 years old) for directors. The nation with the youngest average age of directors is Norway (56 years old).
Non-executive board directors are best paid in the United States ($305,856 annually); the country with the lowest pay for non-executive directors, conversely, is Colombia ($34,086).
This valued Spencer Stuart study assesses a good number of other statistics for boards by country, making this a highly useful source of statistics for anyone seeking to better understand board compositions around the world.