Survey Results: Director Retirement Age
1. Does your company have a mandatory retirement age for directors?
(Total responses: n=61)
(select only one) |
| n=44 (72.13%) |
Yes |
| n=17 (27.87%) |
No |
2. If answer to #1 is "yes," does the retirement age differ for
inside directors compared to outside directors? (Total responses:
n=46)
(select only one) |
| n=12 (26.09%) |
Yes |
| n=34 (73.91%) |
No |
3. If answer to #1 is "yes," what is that retirement age for outside
directors? (Total responses: n=44)
(select only one) |
| n=14 (31.82%) |
Age 70 |
| n=0 (0.00%) |
Age 71 |
| n=20 (45.45%) |
Age 72 |
| n=10 (22.73%) |
Older than Age 72 |
4. If answer to #1 is �yes,� is that retirement age stated: (Total
responses: n=46)
(select only one) |
| n=34 (73.91%) |
In the corporate governance guidelines |
| n=6 (13.04%) |
In the bylaws |
| n=5 (10.87%) |
Both of the above |
| n=1 (2.17%) |
Other |
5. If answer to #1 is �yes,� directors must retire: (Total
responses: n=46)
(select only one) |
| n=3 (6.52%) |
At the next board meeting after reaching the retirement age |
| n=32 (69.57%) |
At the next annual shareholders� meeting after reaching the
retirement age |
| n=11 (23.91%) |
Other |
|
