1、ANNUAL STATE OFBOARD EVALUATIONSIN THE U.S.2025TABLE OFCONTENTSIntroduction03Highlights04S&P 500 Disclosure of Board Evaluation Practices08Worlds Most Admired Companies Trends and Disclosure Practices18Trends in Global Board Evaluation Standards20Gibson Dunn Stakeholder Perspectives22Korn Ferry Fram
2、ework for Board Evaluations23Conclusion27Appendix:Global Board EvaluationRequirements&Standards28Authors3202|Annual State of Board Evaluations in the U.S.2025INTRODUCTIONEach year,Korn Ferry publishes research examining the currentlandscape and emerging trends in board evaluation practicesamong U.S.
3、public companies.As in prior years,we collaborated with Gibson,Dunn&Crutcher LLP to analyze the board evaluationdisclosures of S&P 500 companies as presented in theirproxy statements.This study represents one of themost comprehensive assessments of board evaluationpractices in the United States.1Kor
4、n Ferry and Gibson Dunn have conducted research ofsimilar scope for the past four years.Where relevant,thisreport includes year-over-year and three-or four-yearcomparisons to highlight shifts and developments inboard evaluation practices.New for this year:We have analyzed the practices of the Worlds
5、 MostAdmired Companies within the S&P 500 to identifyhow they differ from the rest of the companies in theindexwith some surprising results.2We have included a survey of board evaluationpractices in major markets around the world.In preparing this report,Korn Ferry collaborated with attorneys and su
6、mmer associates from Gibson,Dunn&Crutcher LLPbetween June and September 2025 to design and conduct the analysis of S&P 500 board evaluation disclosures.1 Korn Ferry partners with Fortune to determine the Worlds Most Admired Companies ranking.2 All percentages in this report represent percentages of