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Bloomberg BNA: "Increase in Risk Complexity Impacting Board Strategy, Recruitment, Panelists Say"

11/24/2014 News Release Image

Bloomberg BNA: "Increase in Risk Complexity Impacting Board Strategy, Recruitment, Panelists Say"

. . . Robert Chersi, executive director of the Center for Global Governance, Reporting and Regulation at Pace University's Lubin School of Business, noted that recent studies have shown certain aspects of board composition have changed over the last 10 years. For example, he explained that while, on average, board size, board turnover rate and board member age have remained relatively the same, other changes have occurred that could have an impact on governance issues.

Two of the changes that he highlighted were an increase in companies with lead directors taking on powerful roles and in companies with specialist directors on their boards.

He observed that while much has been written and spoken about regarding splitting the roles of CEO and chairman, not much has changed in this area of board composition. According to Chersi, the emerging role of lead director has been the “antidote” for many corporations, instead of splitting the roles of chairman and CEO.

Read more: http://www.bna.com/increase-risk-complexity-n17179912492/