25 November 2020
The Ashurst Board Advisory ASX 200 Board Succession Planning Review outlines why Board Succession Planning is so important, and highlights the key elements in the approach and strategies adopted by leading Boards.
Our Review contains an analysis of ASX 200 Director numbers and tenure, both Executive and Non-Executive, with the Review focusing on Non-Executive Director (NED) succession planning.
We outline 12 key observations on the rigour, review and renewal of boards and analyse the ASX 200 Director numbers and present the tenure highlights.
Considering the question, "how do world class boards perform?", we outline 4 key elements that are recommended as a guide to achieving "best practice" Board Succession Planning. In summary, we advocate proactive and ongoing planning to achieve “world’s best practice” in Board and Company performance.
At Ashurst Board Advisory, our focus is on assisting our clients to establish a forward looking approach to corporate governance, including Board Succession Planning. We work with our client Boards proactively and pragmatically, to address key challenges and opportunities, and to assist in driving a sustainable future for the benefit of all stakeholders.
For further information, please contact:
Joshua Smith, Head, Board Advisory, Ashurst
joshua.smith@ashurst.com
