The Conference Board Releases 2019 Study on Corporate Board Practices in the S&P 500 and Russell 3000

On April 24, 2019, the Conference Board released a study tracking corporate governance trends and developments in SEC filings for Russell 3000 and S&P 500 companies. The report found that progress towards board gender diversity has been slow, with 20% of Russell 3000 companies still having no female representatives on their board, and that the main reasons for this include high average director tenure (at 10+ years), low director turnover (with 50% of Russell 3000 and 43% of S&P 500 companies disclosing no change in the composition of their boards in 2018), and the fact that when board seats do become vacant, they are typically taken by a seasoned director rather than a newcomer with no prior board experience. A summary of the study is available here.