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Nordics top companies: Five-year trends

2024 Nordic Spencer Stuart Board Index

Nordics top companies: Five-year trends

DENMARK FINLAND
2024 2020 Δ 2024 2020 Δ
Board size 6.9 6.8 1% 8.3 7.9 5%
% executives 0% 1% -100% 0% 1% -100%
% ind. directors (AGM nominated) 78% 77% 1% 92% 80% 15%
Board meetings 11.8 9 31% 11.8 11.4 4%
% female chairs 8% 4% 100% 4% 0% 0%
Female non-execs 38% 29% 31% 38% 34% 12%
Foreign non-execs 50% 42% 19% 38% 36% 6%
New directors 9% 17% -47% 16% 9% 78%
New female directors 40% 48% -17% 42% 39% 8%
New foreign directors 47% 45% 4% 39% 44% -11%
Age: non-executives 59.9 58.6 2% 57.8 58.3 -1%
Age: chairs 58.8 63 -7% 64 61.5 4%
Tenure (all) 6.1 5.1 20% 4 5 -20%
Chair retainer (€000) € 215 961 € 161 496 34% € 162 772 € 130 984 24%
Non-exec retainer (€000) € 65 533 € 53 353 23% € 69 080 € 59 394 16%
Audit membership fee (€000) € 29 187 € 23 115 26% € 11 292 € 7 793 45%
Remuneration membership fee (€000) € 20 698 € 18 360 13% € 8 563 € 6 622 29%
NORWAY SWEDEN
2024 2020 Δ 2024 2020 Δ
Board size 6.6 6.3 5% 8.8 8.5 4%
% executives 0% 0% 0% 8% 7% 14%
% ind. directors (AGM nominated) 76% 74% 3% 70% 68% 3%
Board meetings 11.4 9 27% 12 9.1 32%
% female chairs 12% 16% -25% 4% 16% -75%
Female non-execs 46% 43% 7% 40% 40% 0%
Foreign non-execs 28% 29% -3% 24% 28% -14%
New directors 14% 12% 17% 7% 9% -22%
New female directors 54% 53% 2% 57% 33% 73%
New foreign directors 42% 53% -21% 7% 33% -79%
Age: non-executives 57.1 56.2 2% 59.4 58.8 1%
Age: chairs 62.7 63 0% 63.4 63.9 -1%
Tenure (all) 4.4 5.1 -14% 6.8 6.4 6%
Chair retainer (€000) € 97 963 € 63 584 54% € 251 364 € 204 444 23%
Non-exec retainer (€000) € 43 939 € 32 771 34% € 71 957 € 62 122 16%
Audit membership fee (€000) € 11 827 € 8 181 45% € 22 123 € 17 147 29%
Remuneration membership fee (€000) € 7 131 € 4 637 54% € 11 671 € 9 342 25%