Directors believe refreshing the board’s ranks is important

The 2013 “What Directors Think” survey highlighted key areas of interest for directors

Sure, it’s always important for the board and in-house counsel to work together to achieve optimum solutions. And just as there should be a clear succession plan in place for general counsel, is it also just important to replace board members in a timely, effective manner? One survey says that happy boards are refreshed boards.

According to the 2013 “What Directors Think” survey, undertaken by NYSE Governance Services in association with SpencerStuart and released on Feb. 27, 51 percent of surveyed directors believe it is important to refresh the board’s ranks periodically. An additional 16 percent view it as “critically important.”

Assistant Editor

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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