2025 Utilities Sector Board Composition Analysis

This technical report provides an analysis of the board composition of 31 utilities companies within the S&P 500 index. It outlines key statistics regarding the demographics and characteristics of independent directors on utilities boards, noting that they tend to be larger, older, and less tenured compared to their S&P 500 counterparts. The report details the average age of independent directors, the number of directors per board, and the percentage of board independence. It also highlights trends in the recruitment of new independent directors, including their backgrounds and demographics. The report further discusses overall board composition, leadership structures, and the prevalence of stock ownership requirements. Additionally, it presents data on diversity among incoming directors and overall board diversity, comparing utilities sector statistics with those of the S&P 500. The findings indicate significant trends in governance practices and diversity within the utilities sector, providing valuable insights for stakeholders.