CEOs at 29% of the largest U.S. public companies have been in their position less than three years, indicating "quite a bit of CEO turnover recently," according to a new study of corporate governance practices by the Corporate Library. The study of 3,031 companies, released today, found 24% of CEOs have been in their position between three and five years. Only 3% of the companies have a woman as CEO.
The positions of chairman and CEO are held by the same person at 56% of the companies in the study, while board chairmen are completely independent at 18% of the companies, the study found.
Among other findings, nearly 1,000 of the 30,000 directors serving on the companies' boards serve on the boards of four or more public companies.