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How Does the National Association of Realtors Justify 923* BoD?
There have been lots of changes lately at the National Association of Realtors (NAR). The only thing constant in this world today is in fact change itself.
They thought about changing the LOGO but after spending countless hours and money, they appear to have tabled or abandoned that change.
They announced an increase in dues which always will cause people to complain. They slowed down, heard but not sure if they listened, and appear to be going forward with the dues increase from $120 a year to $150
However, the one thing I have been struggling with is how in the world they justify having over 900* voting NAR Directors? I had no idea what the "right" number should be so I started doing a bit of research. I tried to find companies/organizations that even had 100+ directors and failed in my attempt. Here is what I have learned so far:
According to: https://www.briefinggovernance.com/2017/12/as-spencer-stuart-releases-its-latest-sp-500-board-index-how-does-your-board-compare/ they looked at the board composition of S&P 500 companies and found the board size averaged 10.8 members and only 18% had over 13 members! According to this article: http://graphics.wsj.com/boards-of-directors-at-SP-500-companies/ there were 4,500 people serving on the S&P 500 which would be an average of only 9 directors per company! This Wall Street Journal article ... more
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