Four Steps Toward Increased Board Effectiveness

In the S&P 500, the share of companies using both internal and external resources to educate their board grew from 25% in 2018 to 37% in 2023. [...] According to an analysis published by The Conference Board in partnership with ESGAUGE , the share of S&P 500 companies conducting a combination of full board, committee and individual evaluations grew from 37% in 2018 to 56% in 2023. [...] The use of such facilitators has risen in the S&P 500 from 14% in 2018 to 36% in 2023, while it trebled in the Russell 3000, from 5% to 17%. [...] The share of S&P 500 companies with such a policy grew from 64% in 2018 to 75% in 2023, and from 45% to 53% in the Russell 3000. [...] The share of S&P 500 companies capping additional board services to three seats increased from 36% in 2018 to 60% in 2023, while in the Russell 3000 the share grew from 33% to 49%.