Changes in board of director configurations since 1987 indicate that board directors were paid more in 2011, were older, were more often female, and were independent from the company (not insiders).

Question

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According to a Harvard Business Review article in 2011, the percentage of boards that had an average age of 64 or older increased; the average pay for directors increased; the percentage of board members who were female increased; the percentage of boards with 12 or fewer members increased; and the percentage of directors who were independent increased. These changes resulted from regulator and investor efforts in response to financial crises and corporate scandals.

Changes in Board of Director Configurations Since 1987 Indicate That