The Future of the Governance Professional
Do you have what you’ll need to succeed by 2025? A new study released by the Governance Institute of Australia in partnership with Diligent and Lexis Nexis, suggests that by then, the role of the governance professional is likely to undergo numerous changes.
Highlights from the report include:
-Directors may need to limit the number of board appointments they accept as the role becomes more complex and demanding of their time.
-A stronger focus on board renewal and the maximum tenure of board members. That could open up boardroom seats for increased levels of boardroom diversity
-There will be more Millennials on boards and they are likely to place greater emphasis on ethics and social good. They will also potentially be less rigid in their understanding and style, and keener to push the envelope.
-Scrutiny of both director and executive pay is likely to rise.
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