Refreshing the Board: Challenges for 2025

The panel discussed the challenges facing boards of directors, particularly in board composition, succession, and refreshment. Panelists explored how management and boards handled director onboarding and succession, the impact of board culture on the succession process, and how nominating and governance committees ensured the board had the right mix of skills and backgrounds to fulfill oversight responsibilities and provide strategic guidance. With board diversity and DEI-related considerations in focus amid regulatory and other challenges, the panel examined what these changes meant for boards and how they adapted to shifting views among shareholders and stakeholders following the 2024 election.