One of ISS Governance Services’ most popular reports this year shows board independence levels continuing to rise as companies work toward meeting US stock exchange listing standards and the requirements of the Sarbanes-Oxley Act. Average board independence has reached a record high of 72 percent, up from 70 percent last year, and 65 percent five years ago. This is only one of the key findings and trends reported in Board Practices/Board Pay 2006, which covers topics such as board leadership, classified boards, board committees, service on multiple boards, and total remuneration, among many others. This year's study looked at 1,269 S&P Super 1,500 companies that held annual meetings between Jan. 1 and July 31, 2005. The data analyzed were extracted primarily from proxy statements filed with the Securities and Exchange Commission. The underlying data is included with this report. To view a sample of the report, please click here. |
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