When it comes to developing and maintaining the right board composition, many factors come into play. For board leadership, refreshment and retirement can be sensitive topics that require careful planning and strategic execution. What’s the secret to managing the process effectively to ensure you have the right board members in the room?
In this episode, Ewen Crouch, non-executive director for Westpac Banking Corporation and Bluescope Steel Ltd., and board chair for Corporate Travel Management, breaks down the elements of board composition and refreshment:
- How can boards determine whether the right people are in the room? What are best practices for driving board refreshment?
- What are three key components of a board composition strategy?
- Why should age diversity be part of the conversation?