Though the average age of board members at fashion and luxury companies hovers around 60, that's slowly changing.
In terms of corporate governance, experience trumps all, with the average age of board members at fashion and luxury companies hovering around 60 for nearly a decade.
What’s more, a quarter of companies on the index have no board members under age 50. “This will certainly become a point of attention for investors,” she predicted. Ethics & Boards tracks data worldwide, but because it is based in France, it is against the law to track data on race or ethnicity. Peterson said various studies in the U.K. have shown that boards in retail look more like the general population in terms of gender and race compared with any other business sector.
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