|Software Boards Report - Board Size|
Software company board size average is eight
The top 10 fast-growth software companies have an average of eight board members. The highest number of board members among the top 10 companies is 14. No company in the top 10 has less than six board members, demonstrating a need for a diversity of opinions, perspectives and experience that goes beyond the C-suite.
In a study published on Silicon Valley technology companies, it was found that there was an average of 8.1 board members. For companies $250 million to $1 billion, the average number of board members in two categories was between 7 and 7.3. The range was five to 13 members.