Explore the latest data and trends in PSI 20 appointments
2023 DATA
TRENDS DATA
Board Monitor
Leadership Agenda:
Subscribe to our monthly newsletter for the latest expert insights and trends.
SUBSCRIBE
Heidrick Insights
Explore the latest thought leadership from Heidrick & Struggles
LEARN MORE
CEO & Board of Directors Practice
Helping organizations lead with purpose to be the best they can be now and in the future
LEARN MORE
This analysis is part of Heidrick & Struggles’ long-standing study of trends in board composition in countries 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 (B3), 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), India (Nifty Top 200), Japan (TOPIX Core 30), Kenya (NSE Top 40), Mexico (BMV IPC), the Netherlands (AEX), New Zealand (NZX 10), Norway (OBX), Poland (WIG20), Portugal (PSI 20), Saudi Arabia (Tadawul), Singapore (STI 30), South Africa (JSE Top 40), South Korea (KOSPI 50), Spain (IBEX 35), Sweden (OMX Stockholm 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 research
of PSI 20 companies brought on at least one new director
38%
board appointments were made in 2023
16
Number and share of appointments
6%
COO
0%
CFO
6%
CEO
Most common type of C-suite experience (Share of appointments)
50%
of appointments went to directors with cross-sector experience
63%
of seats went to directors with international experience
of seats went to retired executives
31%
went to those active in executive roles
69%
of seats went to first-time public board directors
63%
Professional experience
The average age was
Min
Max
54
41
67
54
of seats went to women
56%
38%
63%
Nationality
Non-national
National
Diversity
DIVERSITY
PROFESSIONAL EXPERIENCE
APPOINTMENTS OVERVIEW
DOWNLOAD DATA
2018
2019
2020
2021
2022
2023
53
53
60
57
56
54
Average age at appointment
2018
2019
2020
2021
2022
2023
56
57
76
67
58
63
44
43
24
28
42
38
5
National
Non-national
N/A
Nationality
2018
2019
2020
2021
2022
2023
44
47
53
47
67
56
Gender diversity trends: Women (%)
2018
2019
2020
2021
2022
2023
6
7
6
3
0
0
6
30
24
36
17
6
CEO
CFO
CEO & CFO experience (%)
63
60
59
47
67
63
2018
2019
2020
2021
2022
2023
First-time board members (%)
2018
2019
2020
2021
2022
2023
94
53
71
67
75
69
Active executives (%)
2018
2019
2020
2021
2022
2023
16
30
17
36
12
16
Number of seats filled
AGE AT APPOINTMENT
NATIONALITY
GENDER
CEO & CFO
BOARD EXPERIENCE
ACTIVE VS RETIRED
NUMBER OF SEATS
Copyright @ 2024 Heidrick & Struggles International, Inc.
All rights reserved. Reproduction without permission prohibited.
CEO & Board Practice
Heidrick & Struggles’ CEO & Board Practice has been built on our ability to execute top-level assignments and counsel CEOs and board members on the complex issues directly affecting their businesses.
Europe CEO & Board of Directors Practice
Kit Bingham
London
kbingham@heidrick.com
Alice Breeden
London
abreeden@heidrick.com
2024