Mexico Surpasses Global Average in Board Renewal
According to the Heidrick & Struggles Board Monitor 2025 study, Mexico has become a global benchmark for board renewal, recognizing that continuous updates are crucial for organizational growth. The study reveals that 38% of executive directors and board members in Mexico prioritize board renewal, which is 10 percentage points higher than the global average of 28%.
The Changing Landscape of Board Membership
Carlos Vázquez, a partner at Heidrick & Struggles in Mexico, explains that board members used to stay for a decade or longer. However, this approach hinders company evolution and future preparedness, especially in the face of technological and regulatory challenges. The new benchmark is for board members to serve between two to three years, with annual or semi-annual evaluations promoting strategic rotation.
It’s important to note that board members should not be replaced every three years, but only when the company requires such a change.
Cultural Shift Drives Renewal
This board renewal is fueled by a corporate culture that encourages transparency, result reviews, and empowered governance committees. This demonstrates that avoiding difficult discussions is less common in Mexico compared to the global average.
- 72% of chairpersons and corporate governance committee members in Mexico believe they have the authority to act and make necessary board changes, compared to a global average of 51%.
- 56% perceive a culture that fosters constructive confrontation, demanding accountability—a figure significantly higher than the global average of 44%.
The study also indicates that 45% of respondents are willing to replace underperforming or irrelevant-skilled directors, a notable increase from the global average of 34%.
“This is excellent news. Mexico is doing well, and I urge boards to maintain this strategic discipline. Mexico has become a benchmark, and it’s essential to stay ahead by continuously questioning and implementing solid board renewal processes.”
Diversity, Regulation, and Technological Innovation
Carlos Vázquez highlights that diversity and regulatory experience are at the forefront of board agendas. This year, 46% of new board seats were occupied by women—the highest proportion since the study began five years ago, with an average of 36-37% previously.
Regulatory pressure also drives board renewal, as it necessitates incorporating individuals with public relations experience who can navigate regulatory and governmental agendas. This emphasizes the growing importance of understanding, anticipating, and influencing public agendas, particularly in heavily regulated industries.
Moreover, digital and AI expertise are prioritized. In Mexico, 60% of respondents mentioned digital and AI experience as a board priority, compared to the global average of 48%, indicating a clear focus on innovation and future preparedness.
