Corporate governance: the right approach
Boards need to avoid the perception of a club feel where directors have strong personal, business or social connections
One of the most common weaknesses of Irish boards is the perceived lack of skilled and experienced individuals sitting at the boardroom table.
The challenge for all organisations is to ensure that the skills and experience of those on the board are aligned with the needs of the organisation and its strategic direction.
According to an Institute of Directors in Ireland report in 2012, 21 per cent of directors under 50 years of ...