Russell Reynolds' Building Better Boards: Taking the Long View of Director Succession" simplifies the complex topic of board refreshment with a 4-step corporate strategy-focused framework and insights about common missteps companies make that undermine the succession planning process. Among the common errors: failing to benchmark changes in board composition over time against peers notwithstanding investors' tendency to do so, which may generate legitimate questions about the board's planning approach, and failing to affirmatively seek information from directors that - if known - would reveal unexpected departures well in advance.
Access additional information & resources on our Board Recruitment & Succession/Refreshment page. This post first appeared in the weekly Society Alert!