A combined board is stronger than any one individual and a board’s collective capability combines a range of individual skills, experiences and potential. Board member renewal and the skills matrix are an important element of the board governance framework. Boards are expected to have intellectual rigour drawing on a mix of functional expertise, industry experiences, qualifications and demographics for diverse business and governance perspectives on current and future issues.
Board selection decisions come down to four factors: context, capability, motivation and fit. Yet, who is the ‘right’ and 'best' director. This may mean selecting on potential and transferable skills.
We help nominations committees rethink some of their implicit assumptions about what a board director should look like and help guide the recruitment and selection process. We also help individual directors understand their style, approach and impact at the boardroom table.
Read our article in AICD’s Company Director magazine on Improve Board Composition