Building the foundation for better board refreshment

Good boards take their own succession planning seriously. Today, more public company boards work harder to align their composition with their company’s strategy, for example, and to focus more on the value of diversity in making better decisions as well as meeting stakeholder expectations. Heidrick & Struggles’ analysis shows that the average tenure for Fortune 500 directors has fallen, but despite solid efforts, boards are too often unable to change as fast as conditions require.