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01 Market comparison
View Appointments 2022 report
View Demographics report
View C-suite experience report
View Career experience report
Share of companies with new appointments
Number of seats filled
The total number of new board seats filled between January 1, 2022, and December 31, 2022
The share of companies per index with a new director appointed between January 1, 2022, and December 31, 2022 (%)
02 Market Snapshot
Board Monitor
Explore the report data by market and sector
2023
Poland
64
50
42
Average age of newly appointed directors
Share of seats filled with women (%)
Share of seats filled with directors of a nationality different than that of the market in which the company is listed (%)
Appointments 2022
Demographics
C-suite experience
Other career experience
CEO
CFO
Share of seats filled with directors that have CEO experience at any point in their career prior to being appointed (%)
Share of seats filled with directors that have CFO experience at any point in their career prior to being appointed (%)
Share of seats filled with directors that have COO experience at any point in their career prior to being appointed (%)
Share of seats filled with directors that have other C-suite experience (not including CEO, CFO, or COO) at any point in their career prior to being appointed (%)
Appointments 2022
Demographics
C-suite experience
Other career experience
None
Bachelor’s degree
Advanced degree
Share of seats filled with directors with each degree type, or the closest equivalent (%)
Share of seats filled with directors with an MBA (%)
Women
Non-nationals
Degree type
MBA
Average age
Demographics
Appointments 2022
C-suite experience
Other career experience
Share of seats filled with directors that have executive experience in a sector different than that of the
sector of the board they were appointed (%)
Appointments 2022
C-suite experience
Demographics
Other career experience
Share seats filled with directors that had an active executive role at time of appointment vs. those that were retired (%)
Share of seats filled with directors that had no public board experience prior to their appointment (%)
United States
414
Italy
77
Label 19
019
Label 18
018
Hong Kong
65
Poland
12
Portugal
12
Ireland
16
United Kingdom
342
Spain
42
Belgium
20
Netherlands
23
Sweden
23
Denmark
25
Finland
38
Germany
81
Switzerand
50
Norway
50
France
42
Label 20
020
Label 21
021
Label 22
022
Label 23
023
Label 24
024
Label 25
025
Label 26
026
Label 27
027
Label 28
028
Label 29
029
United States
Canada
Mexico
Colombia
Colombia
Brazil
Select market below to see the Market Snapshot.
South Africa
Kenya
Australia
Japan
South Korea
Hong Kong
Singapore
Saudi Arabia
UAE
Italy
Belgium
Denmark
Finland
Sweden
Norway
France
Germany
Ireland
Netherlands
Poland
Spain
Portugal
United Kingdom
Switzerland
New Zealand
Map view
Market Snapshot
Select market on the map to see the Market Snapshot
Australia
Belgium
Brazil
Canada
Denmark
Finland
France
Germany
Hong Kong
Ireland
Italy
South Korea
Saudi Arabia
Mexico
Netherlands
Norway
Portugal
Singapore
South Africa
Spain
Switzerland
United Arab Emirates
United Kingdom
United States
Map view
List view
Colombia
11
Brazil
38
Hong Kong
49
Poland
45
Ireland
50
Spain
52
Netherlands
56
United States
56
Italy
60
Sweden
61
United Kingdom
64
Portugal
67
Germany
69
Switzerland
70
Belgium
70
France
73
Denmark
79
Norway
84
Finland
88
United Arab Emirates
23
Hong Kong
42
Poland
25
Finland
34
Sweden
39
United States
40
Germany
43
Norway
44
Switzerland
50
Netherlands
52
France
52
Italy
53
Ireland
56
United Kingdom
58
Spain
60
Denmark
60
Belgium
60
Portugal
67
Colombia
N/A
Hong Kong
18
Poland
8
United States
Spain
24
United Kingdom
31
Germany
33
France
33
Italy
34
Sweden
39
Portugal
42
Norway
48
Netherlands
48
Belgium
50
Finland
53
Ireland
56
Denmark
60
Switzerland
70
Hong Kong
17
Portugal
8
Finland
16
Sweden
17
Italy
17
France
17
Colombia
18
United Kingdom
21
Germany
23
Switzerland
24
Denmark
24
Ireland
25
Belgium
30
Spain
31
Netherlands
35
United States
44
Mexico
53
Hong Kong
18
Portugal
17
Spain
19
Poland
21
Germany
23
France
26
Italy
27
Switzerland
30
Denmark
33
Norway
35
United Kingdom
37
Belgium
39
Sweden
41
United States
43
Finland
50
Ireland
56
Netherlands
57
Hong Kong
6
Colombia
0
Poland
7
Italy
8
Netherlands
9
Norway
11
Germany
11
Spain
12
France
12
Finland
13
Denmark
16
United States
18
Ireland
19
United Kingdom
21
Switzerland
24
Belgium
26
Sweden
28
Hong Kong
3
Portugal
0
Poland
0
South Africa
3
Belgium
4
Spain
5
Norway
5
Germany
5
Switzerland
6
Netherlands
9
France
9
Sweden
10
United Kingdom
11
Ireland
13
Finland
15
Denmark
18
United States
24
South Korea
N/A
Hong Kong
6
Ireland
13
Germany
13
Poland
14
Norway
14
Portugal
17
Switzerland
18
Denmark
18
United Kingdom
19
Italy
19
Finland
20
France
21
Sweden
24
Spain
24
Netherlands
30
United States
33
Hong Kong
75
Portugal
58
Norway
58
Switzerland
60
United Kingdom
63
Ireland
63
Finland
63
Italy
65
France
69
Sweden
70
Denmark
72
Spain
74
United States
77
Germany
80
Poland
83
Netherlands
83
Hong Kong
38
South Africa
13
Ireland
19
Netherlands
22
United Kingdom
28
United Arab Emirates
29
Finland
32
Denmark
32
United States
32
Germany
36
Norway
37
Italy
40
Switzerland
44
Belgium
50
Spain
55
Poland
55
Portugal
80
Poland
Denmark
Portugal
Finland
Netherlands
United States
Belgium
Sweden
Spain
Switzerland
Germany
France
Norway
United Kingdom
Italy
View Demographics report
View C-suite experience report
View Career experience report
View Appointments 2022 report
View Demographics report
View C-suite experience report
View Career experience report
View Appointments 2022 report
N/A or Other
Note: Numbers may not sum to 100% because of rounding.
Portugal
France
Germany
Saudi Arabia
Italy
Norway
Sweden
United States
Finland
Poland
Switzerland
United Kingdom
Denmark
Spain
Belgium
Hong Kong
Active
Retired
66
34
45
55
48
52
48
52
49
51
56
44
58
42
58
42
62
38
65
35
66
34
66
34
70
30
72
22
74
26
75
25
Belgium
65
53
38
Denmark
67
56
41
France
72
56
32
Germany
71
56
37
Ireland
65
56
40
Italy
75
56
33
Norway
70
56
39
Portugal
68
56
46
United Kingdom
81
57
30
Finland
67
57
38
Sweden
70
57
42
Switzerland
73
57
40
Spain
73
58
36
Netherlands
81
58
38
United States
90
59
28
92
8
84
12
79
16
83
17
74
9
9
70
29
70
30
70
26
69
31
68
26
62
14
20
60
14
26
56
24
49
38
48
49
2%
2%
12
8
max
average
min
This report is part of Heidrick & Struggles’ long-standing study of trends in board composition in markets around the world. Produced by our global CEO & Board Practice, these reports track and analyze trends in non-executive director appointments to the boards of the largest publicly listed companies in Australia (ASX 200), Belgium (BEL 20), Brazil (BOVESPA), Canada (TSX 60), Colombia (COLCAP), Denmark (OMX Copenhagen 25), Finland (OMX Helsinki 25), France (CAC 40), Germany (DAX and MDAX), Hong Kong (Hang Seng), Ireland (ISEQ), Italy (FTSE MIB), Japan (TOPIX Core 30), Kenya (NSE Top 40), Mexico (BMV IPC), the Netherlands (AEX), New Zealand (NZX 10), Norway (OBX), Poland (WIG 20), Portugal (PSI 20), Saudi Arabia (Tadawul), Singapore (STI 30), South Africa (JSE Top 40), South Korea (KOSPI 50), Spain (IBEX 35), Sweden (OMX 30), Switzerland (SMI Expanded), the United Arab Emirates (ADX and DFM), the United Kingdom (FTSE 350), and the United States (Fortune 500). Information about executives is gathered from publicly available sources, BoardEx, and a Heidrick & Struggles proprietary database.
ABOUT THE REPORT
03 Methodology
4
9
4
4
5
8
5
3
3
3
Cross-sector experience
First-time public board directors
Active vs retired directors
COO
Other C-suite
12
Colombia
Kenya
Europe & Africa
Americas
Asia Pacific & Middle East
Japan
31
69
Ireland
Belgium
9
Ireland
69
31
Hong Kong
67
29
5
Hong Kong
82
58
31
Canada
72
Canada
46
Canada
43
Canada
64
4
31
Canada
49
Canada
79
59
35
Canada
41
Canada
20
Canada
10
Canada
24
Canada
69
Canada
57
43
Canada
23
Saudi Arabia
60
Saudi Arabia
26
South Africa
52
49
6
8
Saudi Arabia
14
Saudi Arabia
70
50
34
Saudi Arabia
48
United Arab Emirates
3
Saudi Arabia
4
Saudi Arabia
18
Saudi Arabia
60
Netherlands
74
26
6
N/A
Saudi Arabia
36
Brazil
31
Brazil
47
Brazil
66
4
30
Brazil
28
Brazil
82
57
40
Brazil
45
Brazil
11
Brazil
2
Brazil
17
Brazil
65
Brazil
68
32
Brazil
33
Colombia
45
Norway
18
Colombia
72
18
9
9
Colombia
71
57
43
Colombia
45
Portugal
0
Colombia
0
Colombia
18
South Korea
47
Colombia
73
9
18
Colombia
9
Colom
Colombia
64
Mexico
35
Mexico
37
Poland
58
Mexico
53
40
3
8
Mexico
47
Mexico
79
56
39
Mexico
43
Mexico
17
Mexico
30
Mexico
40
Mexico
77
Mexico
100
25
Mexico
67
Market
Canada
Brazil
Colombia
Mexico
United States
Hong Kong
Saudi Arabia
Belgium
Denmark
Finland
France
Germany
Ireland
Italy
Netherlands
Norway
Poland
Portugal
Spain
Sweden
Switzerland
South Africa
Seats
93
70
11
30
414
65
50
20
25
38
42
81
16
77
23
50
12
12
42
23
50
39
Region
Americas
Asia Pacific & the Middle East
Europe & Africa
51
South Korea
South Korea
66
South Korea
39
South Korea
14
South Korea
75
25
9
9
South Korea
N/A
South Korea
70
59
43
South Korea
20
South Korea
0
South Korea
0
Belgium
45
South Korea
73
27
18
South Korea
61
31
United Arab Emirates
United Arab Emirates
38
Saudi Arabia
10
United Arab Emirates
32
United Arab Emirates
48
32
19
United Arab Emirates
16
United Arab Emirates
64
48
33
United Arab Emirates
35
Saudi Arabia
4
United Arab Emirates
13
United Arab Emirates
19
United Arab Emirates
26
United Arab Emirates
65
16
19
France
29
342
United Kingdom
South Africa
65
South Africa
59
South Africa
21
Saudi Arabia
52
42
6
8
South Africa
36
South Africa
68
57
43
South Africa
54
South Africa
13
Italy
3
South Africa
18
South Africa
59
South Africa
64
36
Sweden
17
35
Singapore
Singapore
57
Singapore
43
Singapore
31
Singapore
43
57
Singapore
23
Singapore
72
60
43
Singapore
37
Singapore
11
Singapore
17
Singapore
20
Singapore
51
Singapore
66
34
Singapore
31
