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Board Composition and Director Recruiting Trends, an Equilar publication, examines the boards of directors as disclosed in annual proxy statements (DEF 14A) of Equilar 500 and Russell 3000 companies over the last five years. The Equilar 500 tracks the 500 largest, by reported revenue, U.S.-headquartered companies trading on one of the major U.S. stock exchanges (NYSE, Nasdaq or NYSE MKT (formerly AMEX)), adjusted to approximate the industry sector mix of similar large-cap indices. The report identifies trends in the composition and disclosure of S&P 500 boards with respect to prevalence of new directors, gender, race and ethnicity, skill set, and more. KPMG’s Board Leadership Center and Semler Brossy Consulting Group provide commentary on how companies structure boards and recruit directors within the current governance landscape.