November 2009
With the continuing debate over what type of recession we are experiencing, and in what shape the economy, and organisations, might eventually emerge, we thought you would be interested to see the latest Trends in Board Turnover, a quarterly analysis we conduct in conjunction with Boardex.
The more detailed analysis over three years is attached, but the headlines are:
In the first three quarters of 2009, against the same period in 2008, in the FTSE 350:
- – Overall Executive Director turnover is down 9%
- – CEO turnover is down 50%
- – NED turnover up 25%
There has been some discussion elsewhere that the overall number of NED positions and/or individuals holding those roles has shrunk in recent months and that this is a trend which may develop over the next period. We have therefore decided to track overall patterns in this respect.
As a starting point therefore, looking at the current number of NED roles, it is interesting to note that at the end of September 2009:
- – In the FTSE 100, 748 NED positions are held by 660 individuals
- – In the FTSE 350, 2077 NED positions are held by 1712 individuals
- – The overall number of NED positions in the FTSE 350 has increased by 34, or 1.6%, since September 2008
FTSE 350 Board turnover Nov09 (1017kb)
June 2009
2009 has been a year of crisis in the boardroom, much more than most boards have managed before. This study examines what Chairman do differently in times of adversity. Contributions from Chairmen with different areas of experience and differing styles to see them and their boards through troubled times.
Chairing in Adversity (1017kb)
A review of the trends of the career paths of FTSE 100 & 250 CEOs, both prior to appointment, and after they step down.
- FTSE 250
FTSE 100
Financial Times, The LEX Column; December 3, 2009
Financial Times, The LEX Column; September 6, 2008
Financial Times, The LEX Column; July 29 2008
A Study of the Role, Contribution and Performance of UK Board Directors, Professor Andrew Kakabadse, Advisor, Manchester Square Partners; April 2008
This comprehensive study of FTSE 350 Directors raises question marks over the effectiveness of plc Chairmen, the tendency for Chairmen to be too ‘executive’, the lack of Chairman succession planning, the lack of governance and examines the tendency for Chairmen to ignore the contributions of other non-executive directors
Chairman and the Board (262kb)
How Chairmen’s Roles Differ Around the World, Professor Andrew Kakabadse, Advisor, Manchester Square Partners; October 2006
Chairmen have a wide range of responsibilities important for organisational success. But recent research has found that practices of chairmanship and board dynamics differ around the world. What are the implications for organizations in the United States, the United Kingdom, and Australia?
Across the Boards (485kb)ELA Briefing, Volume 15, Number 4; May 2008
An article written for the Employment Lawyers Association by Kate Donaghy and Michael Webber identifies the components of outplacement programmes to help those advising clients on what to look for in contracting for outplacement support.
Outplacement: what is important? (485kb)
October 2007
A review of the changing nature of stakeholder involvement and CEO tenure – are we seeing the return of the dominant shareholder?