Peter Whitehead reports on the first of our series of debates called “The Board is Dead, Long Live the Board”. Participants (who are not named) are asked: “If you could rip up the rule book, what would good governance look like?” Executive Appointments in the FT is publishing the most notable findings from each meeting. This is a report on the first discussion.
Job security among non-executive directors is high: the chances of being ejected by shareholders at the annual general meeting are negligible, and the four chairmen taking part in the first Board Intelligence debate said re-election rates are “high, even by North Korean standards”...
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