Board assessment and succession planning

November 2022

Boards are under pressure from all corners to demonstrate their value. One key to board performance is building a culture of continuous improvement. To do so, many boards are taking a regular, honest look at both the board’s overall performance and the contributions of each individual director. They are also adding new directors who bring skills, background, and expertise that are linked to their companies’ forward-looking strategy.  

On October 17, 2022, Lead Director Network (LDN) members discussed board assessment and succession with guests Anthony Goodman and Tierney Remick of Korn Ferry. Directors shared perspectives on the most important parts of assessment, how to handle director underperformance, the new skills they are seeking on their board, and how to set new directors up for success.