Ethics & Boards
Ethics & Boards is a Paris-based governance intelligence and advisory firm founded in 2010 that provides proprietary benchmarking, scoring, and advisory services on board composition, ESG, and executive compensation to corporates, funds, and institutional clients across European and selected MENA markets.
- Company typePrivate
- Founded2010
- HeadquartersParis, France
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Ethics & Boards does
Ethics & Boards is a Paris-based governance intelligence and advisory firm founded in 2010 that provides benchmarking, scoring, and advisory services on corporate governance and ESG to corporates, funds/investors, and institutional stakeholders such as stock exchanges and regulators. Its core technology is a proprietary governance databank that aggregates board composition, director profiles, ESG metrics, and executive compensation data across major European indices (CAC 40, SBF 120, Eurozone 300, Stoxx Europe 600) and the S&P 100; this databank is protected under French copyright and the sui generis database right, and underpins the Online Corporate Governance DataBank, Data Insight, and Sustainable Governance Scoring products. The firm layers advisory service modules on top of the data — Board Evaluation, Board Effectiveness, ESG Board Training, ESG-in-CEO-Compensation Advisory, Portfolio Governance Review, and ESG-driven product development — and publishes recurring research including annual Responsible Governance, Gender Diversity, and Climate-in-CEO-Remuneration barometers, plus Weekly Governance Ratios.
The business model combines recurring subscription access to the DataBank (annual billing), one-time data purchases, and bespoke professional services engagements for corporate and institutional clients. Distribution is primarily direct enterprise sales supported by thought-leadership content marketing (LinkedIn, newsletter, barometer publications, press coverage in Le Monde, Les Echos, Agefi, La Tribune, Le Figaro) and an extensive partnership network including IFA, ecoDa, Chapter Zero France, CGEM, AGEFI, Euronext Corporate Solutions, EcoVadis, and Sciences Po Executive Education. The company operates as a privately held French SAS (ETHICS & BOARDS SAS, RCS Paris n° 523 584 555, share capital €61,230), is founder-led by Floriane de Saint Pierre, and shows no external investors, parent company, or public funding rounds in the source data.
Ethics & Boards firmographics
Firmographics- Name
- Ethics & Boards
- Legal name
- ETHICS & BOARDS SAS
- Website
- https://ethicsandboards.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Ethics & Boards is a Paris-based governance intelligence and advisory firm founded in 2010 that provides proprietary benchmarking, scoring, and advisory services on board composition, ESG, and executive compensation to corporates, funds, and institutional clients across European and selected MENA markets.
- Ownership category
- akta.pro rank
Ethics & Boards industry classification
Industry- Product category
- Corporate Governance Intelligence & Advisory
- NAICS
- Management, Scientific, and Technical Consulting Services (5416)
- akta.pro primary industry
- Governance & Board Effectiveness Advisory (BPAHAFAC)
- akta.pro secondary industries
- Research Compliance & Governance (FSACAGAK), Governance Bodies & Board/Trustee Administration (EDADAKAL)
Keywords
Where Ethics & Boards is headquartered
LocationHeadquarters
- HQ city
- Paris
- HQ country
- France
- HQ region
- Europe
Offices1 record
Markets served
Ethics & Boards business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations
Revenue model
- Subscription-based data access: Online Corporate Governance DataBank and Data Insight services available by subscription for funds and investors requiring regular governance benchmarking.
- One-time data purchases: Individual purchase of governance data and analyses, with some content available via one-time purchase in addition to subscription models.
- Advisory and consulting services: Board evaluation, effectiveness assessments, ESG training, and bespoke governance advisory services for corporates.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Freemium | Others | Free access to basic governance data from regulated disclosures |
| Subscription | Annual | Subscription access to full databank |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Ethics & Boards product offering
Product offeringCore offering
Ethics & Boards is a Paris-based governance intelligence and advisory firm founded in 2010 that operates a proprietary Corporate Governance DataBank covering 480+ European listed companies (CAC 40, SBF 120, Eurozone 300, Stoxx Europe 600, S&P 100). It delivers governance scoring, benchmarking, board evaluation and effectiveness advisory, ESG/diversity governance training, executive compensation analysis, and publishes thematic governance barometers and weekly ratios.
Product overview
Ethics & Boards is a governance intelligence and advisory platform offering a portfolio of benchmarking, scoring, and advisory services across corporate governance and ESG. The core product suite includes the E&B Online Corporate Governance DataBank (queryable database), E&B Online Corporate Governance Data Insight (analytics), and E&B Sustainable Governance Scoring (proprietary scoring methodology). These are complemented by service modules for corporates (Board Evaluation, Board Effectiveness, ESG Board Training, ESG in CEO Compensation Advisory), funds (Portfolio Governance Review, ESG-driven products development), and institutions (Governance Barometers, Thematic Barometers). The company also publishes recurring research products including Weekly Governance Ratios and annual barometers on gender diversity, responsible governance, and climate in CEO remuneration.
Differentiator
Problem solved
Functional benefit
Products and services
- E&B Online Corporate Governance DataBank
- E&B Online Corporate Governance Data Insight
Quantifiable outcome
- 40% average women representation in European boards of largest companies
- +2 more outcomes
Companies that use Ethics & Boards
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
Ethics & Boards technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Ethics & Boards partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- ecoDa (European Confederation of Directors Associations)coreCo-publisher of European Corporate Governance Barometer analyzing practices across STOXX Europe 600 and S&P 100 companies. Second edition published May 2026. Partnership covers board structure, diversity, composition, committees, remuneration, and evaluation practices.
- IFA (Institut Français des Administrateurs)coreLong-standing co-publisher of annual Responsible Governance Barometer (9th edition in 2025), Gender Diversity Barometer (4th edition 2026), and Climate in CEO Remuneration Barometer (5th edition 2025). Core research partnership for French corporate governance analysis.
- Chapter Zero FrancecoreCo-publisher of annual Climate Barometer analyzing climate objectives in SBF 120 CEO remuneration policies. Partnership focuses on tracking integration of ESG criteria in executive compensation.
- CGEM (Confédération Générale des Entreprises du Maroc)coreLead partner for Morocco Responsible Governance Barometer (3rd edition 2025) developed in partnership with AMMC, Bourse de Casablanca, and APE. Ethics & Boards serves as methodological partner since inception.
- Euronext Corporate SolutionsminorCo-publisher of European Corporate Governance Barometer providing analysis for European stock exchange operator.
- AGEFIcorePartnership for Gender Diversity Index (7th edition 2025) analyzing gender diversity in asset managers' executive bodies. Also partner for Entreprises & Finance Durable awards.
- EcoVadisminorCo-partner for AGEFI Entreprises & Finance Durable Awards recognizing corporate sustainability achievements.
- WAVE (Women And Vehicles in Europe)minorPartner for Automotive Sector Feminization Barometer (13th edition) analyzing gender diversity in automotive sector governing bodies.
- Roland BergerminorCollaborated on study regarding women's positions in executive committees in France.
- Sciences Po Executive EducationminorPartner for Corporate Director Certificate (CAS) morning sessions, with Floriane de Saint Pierre presenting gender diversity barometer findings.
- Business FranceminorHosted APIA Annual General Meeting event where Ethics & Boards CEO presented governance study findings.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Ethics & Boards competitors and assessment
Company assessmentBroad incumbents
- Egon Zehnder: Egon Zehnder's Board Advisory and CEO practice includes governance and board effectiveness consulting for European listed companies. It is comparable to Ethics & Boards in board evaluation and governance advisory services targeting CAC 40 and SBF 120 issuers.
- MSCI ESG Research: MSCI ESG Research provides governance ratings, ESG data, and screening tools to global asset managers. It directly competes with the E&B Sustainable Governance Scoring and Online DataBank in serving funds and institutional investors seeking governance intelligence on European listed companies.
- ISS (Institutional Shareholder Services): ISS Governance, part of Deutsche Börse's ISS STOXX unit, is the global leader in governance, proxy advisory, and ESG data for institutional investors. It is a scaled incumbent offering overlapping governance data, voting analytics, and ESG research that competes with Ethics & Boards' DataBank and scoring products across European listed companies.
- Spencer Stuart: Spencer Stuart's Board Index and Board Advisory Practice publish widely-cited annual research on board composition, diversity, and governance practices at major listed companies. Its board benchmarking data and advisory services compete with Ethics & Boards' Board Evaluation and governance benchmarking offerings.
- Heidrick & Struggles: Heidrick & Struggles operates a prominent Board of Directors practice with proprietary research on governance trends, board composition, and CEO succession. It competes with Ethics & Boards in board advisory, governance benchmarking, and executive director searches for European corporates.
- Sustainalytics (Morningstar): Sustainalytics, owned by Morningstar, is a leading provider of ESG and corporate governance ratings and analytics. Its portfolio-level governance assessments and ESG risk scores are directly comparable to Ethics & Boards' Portfolio Governance Review and Sustainable Governance Scoring offerings.
Direct peers
- Diligent Corporation: Diligent (which absorbed Galvanize and ACL) provides board governance software, entity data, and ESG intelligence to corporate boards and governance teams. It overlaps with Ethics & Boards in serving board effectiveness and ESG governance needs of listed corporates, though Diligent is primarily a SaaS platform.
- Glass Lewis: Glass Lewis is a leading proxy advisory and governance research firm serving institutional investors with data on board composition, executive compensation, and governance practices at listed companies. It overlaps with Ethics & Boards on governance data products serving European funds and asset managers.
Regional players
- Proxinvest (Corporate Governance & ESG Services): Proxinvest is a French proxy advisory and governance research firm serving institutional investors with voting recommendations and governance analysis on SBF 120 and CAC 40 issuers. It is a directly comparable regional peer to Ethics & Boards in the French governance data market.
Emerging players
- Manifest: Manifest provides ESG and proxy data, including governance analytics for institutional investors. It is an emerging data-first competitor to Ethics & Boards' Online Corporate Governance DataBank and Sustainable Governance Scoring products, focused on the asset manager buyer.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Ethics & Boards social profiles
Digital presenceEthics & Boards compliance and trust
Trust signalCompliance1 record
Ethics & Boards financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ethics & Boards leadership team
Management profileNumber of profiles
Profiles3 records
Ethics & Boards funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ethics & Boards M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ethics & Boards
What does Ethics & Boards do?
Ethics & Boards is a Paris-based governance intelligence and advisory firm founded in 2010 that operates a proprietary Corporate Governance DataBank covering 480+ European listed companies (CAC 40, SBF 120, Eurozone 300, Stoxx Europe 600, S&P 100). It delivers governance scoring, benchmarking, board evaluation and effectiveness advisory, ESG/diversity governance training, executive compensation analysis, and publishes thematic governance barometers and weekly ratios.
Is Ethics & Boards a public or private company?
Ethics & Boards is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Ethics & Boards founded?
Ethics & Boards was founded in 2010. It employs 1 to 10 people.
Where is Ethics & Boards based?
Ethics & Boards is headquartered in Paris, France, in the Europe region.
How does Ethics & Boards make money?
Three revenue lines are on record. Subscription-based data access are the primary driver. The others are one-time data purchases and advisory and consulting services.
Who are Ethics & Boards's main competitors?
Broad incumbents on record are Egon Zehnder, MSCI ESG Research, ISS (Institutional Shareholder Services), Spencer Stuart, Heidrick & Struggles and Sustainalytics (Morningstar). Direct peers are Diligent Corporation and Glass Lewis. Proxinvest (Corporate Governance & ESG Services) is listed as a regional player. Manifest is listed as an emerging player.
Does Ethics & Boards have an API?
No public API is recorded for Ethics & Boards.
What industry is Ethics & Boards in?
Ethics & Boards's product category is Corporate Governance Intelligence & Advisory. Its primary akta.pro industry code is BPAHAFAC, Governance & Board Effectiveness Advisory, with a secondary code of FSACAGAK, Research Compliance & Governance. Its NAICS code is 5416.