EY Releases Report on Independent Directors of 2017

In May 2018, the EY Center for Board Matters published a report analyzing independent directors elected by shareholders to the board of a Fortune 100 company for the first time in 2017. EY reviewed proxy statements of companies on the 2017 Fortune 100 list and the same 83 companies’ class of 2016. The report found that over half of the companies reviewed added at least one independent director. The newly elected directors were 40 percent female, were primarily assigned to audit committees and included more non-CEOs. Corporate finance and accounting were the most common director qualifications. The report is available here.