David Goldstein
Top Contributor
On to another area of the recent auDA board elections, there was a call for term limits on board members. Originally I thought this idea had merit, but I now think otherwise.
One of the benefits of my extended European travels, one of which I am just commencing, is I take a bundle of unread The Economists and catch up on what I've missed. In one edition (17 September), there is an article on corporate governance.
In referring to Yahoo, they interview someone from GMI, a corporate-governance ratings firm who says of the Yahoo board that they are something of a model board with an independent chairman and a good mix of long-serving and new directors.
The article goes on to mention that there is a growing demand for boards to undergo a formal evaluation process, to assess both the performance of each individual board member and how they work together as a group.
So thinking about this further I do not believe, and the evidence backs this up, that putting in stone term limits is beneficial. What is beneficial is having the board be more accountable.
David
One of the benefits of my extended European travels, one of which I am just commencing, is I take a bundle of unread The Economists and catch up on what I've missed. In one edition (17 September), there is an article on corporate governance.
In referring to Yahoo, they interview someone from GMI, a corporate-governance ratings firm who says of the Yahoo board that they are something of a model board with an independent chairman and a good mix of long-serving and new directors.
The article goes on to mention that there is a growing demand for boards to undergo a formal evaluation process, to assess both the performance of each individual board member and how they work together as a group.
So thinking about this further I do not believe, and the evidence backs this up, that putting in stone term limits is beneficial. What is beneficial is having the board be more accountable.
David