New Voices in the Boardroom: The Gradual Evolution of Board Composition
In brief: The stakes for having the right people around the boardroom table have never been higher. Directors need to have skills and experiences that not only align with their company’s long-term strategic direction but also enable their boards to effectively advise management amid unprecedented change and business disruption. This brief, written by Spencer Stuart and originally appearing in the 2019 Governance Outlook: Projections on Emerging Board Matters, covers trends in director recruitment and director candidate profiles and explores how they are likely to shape board composition in the coming years.
This resource can help your board to
- evaluate boardroom practices around composition, succession, and recruitment;
- proactively assess the board’s skills and attributes to Identify potential gaps in your board’s refreshment strategy; and
- advocate for the strategic imperative around the need for new perspectives and experience in the boardroom.
Most relevant audiences: nominating and governance committee members, board chairs, lead independent directors, committee chairs