Refreshing the board -

On March 17, 2015, Lead Director Network (LDN) members met in New York to discuss different approaches to refreshing the board. This ViewPoints presents a summary of the key points, along with background information and selected perspectives that members shared before and after the meeting.

Executive Summary:

Lead directors shared ideas and practices on three broad topics in their discussion of board refreshment:

.. Board composition (page 2) -

Investors are putting more pressure on boards to think like owners as they oversee management. In response, boards are taking steps to ensure that they are composed of non-executive directors who can guide the company and its strategy into the future. In many cases, this means considering new directors who have different professional skills and experience or can enhance board diversity with respect to age, gender, and ethnicity. Directors highlighted the benefits of adding new members who can bring fresh perspectives to boardroom discussions...