Way fewer Fortune 500 board seats are going to CEOs ...Middle East

Quartz - Economy
Way fewer Fortune 500 board seats are going to CEOs
source : Quartz ( Middle East ) () 8
The path to a Fortune 500 board seat is changing.Of the 449 seats filled on Fortune 500 boards in 2021, only 40% went to current or former CEOs, down from 60% in 2018, according to executive search firm Heidrick & Struggles. And 43% of the appointments went to first-time public board directors, the highest figure since the company began tracking it in 2015.The shift was driven by companies’ recognition of the need for new perspectives—especially on issues of sustainability, inclusion, cybersecurity, and political involvement. The share of board appointees with sustainability experience rose to 14% from just 6% percent the year before; the share with cybersecurity experience jumped to 17%, up

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