Board and CEO Succession Trends in UK Mutuals, 2017
Board and CEO Succession Trends in UK Mutuals, 2017
March 2017
An interesting new report from the Norman Broadbent company, which specialises in board searches, looks at trends in CEO succession and Board refreshment.
The report states that “CEO tenure at member-owned businesses was, on average, 29% longer than at non-mutual financial services firms”. It also saw improvements in the gender diversity of boards, and noted that a CEO was twice as likely to be female in an AFM member than amongst other mutuals- though amongst NEDs the rate is lower.
You can download the full report here.