Time Commitment
Time Commitment
The time commitment board directors and chairs need to invest in their board work has increased significantly, and we expect this trend will continue. To appropriately compensate board work, it is essential to dive deeper into companies’ expectations of board directors.
Most survey respondents estimated the current time commitment of a board director (including meetings, preparation, informal conversations and more) to be 20 to 40 days per year (plus/minus 20 days) for a single directorship.
The time spent on a single directorship by the board chair was higher, with most respondents estimating 40 to 60 days per year (plus/minus 20 days).
Time commitment for board role in days per year
Chair
NED
Digital Leads
Amadeu Porto, Joanna Scheffel
Design Team
Aditya Gupta, Arnab Kar, Kamaljit Marwaha, Dapinder Pal Singh Bahl, Ginlian Guite and Richard Khuptong
The authors would like to thank the Chair/Board members who participated in the survey, Egon Zehnder consultants for their internal/external insight and EZ colleagues who contributed to this study: Amit Kumar, Devyanee Kaushal, Johanna Prasch, Luis Fuhrer, Sonika Ganjoo and Svenja Weitzel.