Director dialogue series
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Does your board have the right composition to meet your company’s needs?
Board composition is a priority for a growing number of companies. Both the increase in director turnover on boards in the past several years and calls for greater boardroom diversity have become common themes in the corporate community. Additionally, investors across the spectrum have developed a keen interest in board composition and director skill sets.
In partnership with the National Association of Corporate Directors (NACD), RSM conducted roundtables in several cities to get more insight into board composition. Research shows diverse corporate boards produce better results for shareholders than homogenous ones. This paper outlines the skills and characteristics that are most important for directors; under what circumstances should boards consider the need for specialized skills; and best practices for communicating board makeup to investors.
Read the paper to see how to think strategically about board composition.