Korn Ferry’s Annual Report on Board Evaluations
Insights into board evaluation best practices and emerging trends from S&P 500 companies. Explore the latest research.
Board evaluations measure, assess, and report on the effectiveness of the board, its directors, and its committees.
Each year, Korn Ferry, in partnership with Gibson, Dunn & Crutcher LLP, delivers the most comprehensive analysis of U.S. public company board evaluation practices in the S&P 500.
Our report provides insights on the current state and emerging trends to help you benchmark against your peers and strengthen your board’s effectiveness.
This year, Korn Ferry has also conducted a separate Canadian study focused on the TSX30—the top-performing companies on the Toronto Stock Exchange—offering a cross-market view of how leading boards evaluate performance and discloseresults.
S&P 500: 2025 Findings and Trends
Our annual look at proxy disclosures shows boards adopting more comprehensive evaluations and greater transparency.
Highlights from the report:
- 98% of organizations disclose their board evaluation practices
- Just over half (55%) evaluate individual directors
- 38% use a third-party facilitator, the highest level in five years
- Only 18% disclose making changes after their evaluation
Download the 2025 Annual State of Board Evaluations report
TSX30: Board Effectiveness in 2025
Our first Canadian analysis highlights how the top-performing TSX companies approach board assessment.
Highlights from the report:
- 93% conduct three-tier evaluations, assessing the board, committees, and directors
- Only 7% include management feedback
- Just 7% disclose taking action on the evaluation findings
Korn Ferry’s Annual Reports on U.S. Board Evaluations
View our previous year’s reports to track the evolution of board evaluations in the U.S.
- 2024
- 2023
- 2022
- 2021
