This recently released report from Labrador: “Director Skills - 2025 Proxy Trends with Insights for 2026” reveals insights on proxy statement director skills and expertise-related disclosure practices based on the firm’s observations and analysis of S&P 100 company 2025 proxy statements compared to prior years.
The report reveals the prevalence of the following practices and varying approaches to disclosure, with reference to relevant examples:
|
Disclosure Practice
|
Prevalence
|
Examples
|
|
Present Board skills in a matrix or table
|
87%
|
Honeywell (p18)
Janus Henderson (p15)
NRG (p18)
|
|
Disclose the board’s policies and practices related to director continuing education
|
61%
|
Canadian National (p43)
|
|
Identify skills or qualifications in each director biography by either icons or a list that is separated from the biography/paragraph format
|
48%
|
|
|
Explain the relevance of each Board skill and its link to company strategy
|
44%
|
Lockheed Martin (p31)
Prologis (p11)
|
|
Include the skills of the members in each Committee description
|
8%
|
Canadian Pacific Kansas City (p38)
Walmart (p28)
|
Other noteworthy practices highlighted and illustrated by example in the report include: