2025 U.S. Spencer Stuart Board Index Overview

The 2025 U.S. Spencer Stuart Board Index is a comprehensive report marking the 40th anniversary of this publication, which tracks the evolution of boardroom practices across the S&P 500. The report outlines significant trends in board composition, structure, and governance practices, based on an in-depth analysis of proxy statements. It highlights the challenges faced by boards over the past four decades, including corporate scandals, financial crises, and the impact of the global pandemic. The document presents findings on the changing role of boards, emphasizing the need for strategic stewardship and effective governance. Additionally, it discusses the importance of board diversity and the evolving expectations of directors. The report serves as a valuable reference for board leaders to benchmark practices and improve board effectiveness, ensuring they are equipped to navigate the complexities of the modern business environment.