The Spencer Stuart 2014 UK Board Index is a comprehensive review of governance practice in the largest 150 companies in the FTSE rankings, providing a valuable indication of the state of boardroom health during 2013–2014. Once again, diversity remains a key theme, as the spotlight falls not just on women on boards, but also on what companies are doing to develop the pipeline of female executives who can take on top leadership roles in the future. It is interesting to note that almost one-third of directors appointed in the last year were joining their first listed company board, a healthy indication that boards are increasingly open to new profiles and that prior board experience is no longer deemed essential in non-executive hires. Related to this is a noticeable shift in the past year towards appointing current executives into non-executive roles in preference to portfolio directors.
Click here for current board trends and practices at major UK companies.