Skill matrices were introduced with the goal of aligning board experience and expertise with the company's strategy. Given the many public battles for board overhauls, from Disney to Tesla and BlackRock, are they still fit for purpose? Here we propose Purpose Declarations as a way to overcome the drawback of hiding a director's skills in a board matrix.
Updated: Aug 4, 2024
Chair extraordinaire Catherine Livingstone is calling for shortened terms for directors, Woodside Energy is under attack from superfunds demanding board representation while the current Walt Disney board is engaged in a very public and expensive battle with activist investors…
A new study by the AICD and The University of Sydney Business School has found that boards are responding to the need for a stronger focus on innovation in order to succeed in a rapidly evolving business landscape.Â