(Editor's note: The following article was submitted by Steven B. Stokdyk (pictured, left) and Joel H. Trotter (pictured, middle), global co-chairs, and Catherine Bellah Keller (pictured, right), associate, in Latham & Watkins LLP's Public Company Representation Practice. It originally was published by NACD Directorship magazine.)
Recent press coverage and updated proxy voting guidelines suggest that board refreshment is a topic on fire. It’s a subject that inspires strong feelings and competing perspectives on director tenure or board diversity—or both. Yet these incendiary dialogues scarcely help a board in considering what is best for the company and shareholders. In the NACD Directorship piece, Stokdyk, Trotter, and Keller suggest boards step back and review their composition in light of the company’s goals and needs in three areas. To read the article, click here.