A new report finds that there is little age diversity within the boardrooms of S&P 500 companies. The new analysis also finds that the median average age for all boards is 62.4 years, and that the average is persistent across companies by size and industry segment. While technology firms do have the youngest average board age, with a median of 61.3 years, it is barely a year less than the median of all S&P 500 firms. In all, some 80 percent of boards have an average age in the sixties.
These findings are contained in a new study, Age Diversity Within Boards of Directors of the S&P 500 Companies, conducted by Board Governance Research LLC and funded by the Investor Responsibility Research Center Institute (IRRCi). The report examines the age diversity within each board of the S&P 500 companies by industry, company size (market capitalization) and company age (years since the company’s initial public offering).