Wall Street Journal (March 23)
2016/ 03/ 25 by jd in Global News
“A majority of the board has been in place for at least 10 years” at nearly a quarter of the largest companies in America. This is prompting investor concerns. “Long-tenured directors can offer companies institutional memory and deep insight into company operations across a variety of economic and competitive environments…. Yet some investors worry that longtime board members may grow too close to the companies and management teams they are supposed to oversee, and lack the critical eye and fresh ideas that newer directors likely bring.”
Tags: Board, Concerns, Critical eye, Directors, Fresh ideas, Insight, Institutional memory, Investors, Management, Operations, U.S.
