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Nordics top companies: Five-year trends

2023 Nordic Spencer Stuart Board Index

Nordics top companies: Five-year trends

DENMARK FINLAND
2023 2019 Δ 2023 2019 Δ
Board size 6.8 6.8 0% 8.4 7.9 6%
% executives 0% 1% -100% 0% 1% -100%
% ind. directors (AGM nominated) 78% 77% 1% 89% 80% 11%
Board meetings 12.5 9 39% 14.9 11.4 31%
% female chairs 8% 4% 100% 8% 0% –
Female non-execs 38% 29% 31% 40% 34% 18%
Foreign non-execs 56% 42% 33% 36% 36% 0%
New directors 10% 17% -41% 20% 9% 122%
New female directors 35% 48% -27% 45% 39% 15%
New foreign directors 41% 45% -9% 29% 44% -34%
Age: non-executives 59.5 58.6 2% 58 58.3 -1%
Age: chairs 60.2 63 -4% 62.8 61.5 2%
Tenure (all) 5.3 5.1 4% 3.9 5 -22%
Chair retainer (€000) 200.9 161.5 24% 151.1 131.0 15%
Non-exec retainer (€000) 65.5 53.4 23% 69.1 59.4 16%
Audit membership fee (€000) 25.8 23.1 11% 15.8 7.8 103%
Remuneration membership fee (€000) 18.2 18.4 -1% 14.9 6.6 125%
NORWAY SWEDEN
2023 2019 Δ 2023 2019 Δ
Board size 6.5 6.3 3% 8.6 8.5 1%
% executives 0% 0% – 8% 7% 14%
% ind. directors (AGM nominated) 78% 74% 5% 70% 68% 3%
Board meetings 12 9 33% 12.7 9.1 40%
% female chairs 15% 16% -6% 8% 16% -50%
Female non-execs 45% 43% 5% 43% 40% 7%
Foreign non-execs 39% 29% 34% 26% 28% -7%
New directors 15% 12% 25% 10% 9% 11%
New female directors 32% 53% -40% 65% 33% 97%
New foreign directors 36% 53% -32% 45% 33% 36%
Age: non-executives 56.8 56.2 1% 59.4 58.8 1%
Age: chairs 62.2 63 -1% 62.2 63.9 -3%
Tenure (all) 4 5.1 -22% 6.5 6.4 2%
Chair retainer (€000) 91.0 63.6 43% 226.9 204.4 11%
Non-exec retainer (€000) 43.9 32.8 34% 72.0 62.1 16%
Audit membership fee (€000) 15.2 8.2 86% 20.6 17.1 20%
Remuneration membership fee (€000) 7.5 4.6 61% 10.4 9.3 12%