Boards Recruit More Specialists as Committees Face Pressure to Perform
The article “Boards Recruit More Specialists as Committees Face Pressure to Perform” highlights how corporate boards are evolving by recruiting directors with more specialized skills due to increasing committee responsibilities.
MyLogIQ contributed key analytical insights on the evolving skillsets of board committee members, particularly in the Russell 3000 companies:
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Audit Committees:
- Significant five-year increases in skills among audit chairs at Russell 3000 companies include:
- Cybersecurity, ESG, global experience, industry & operations, risk management, and human capital.
- Reflects a shift from traditional financial focus to broader risk oversight.
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Compensation Committees:
- Top skill increases: Human capital, ESG, and industry & operations experience.
- Indicates a focus on workforce strategy, compensation philosophy, and company culture.
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Nominating and Governance (Nom-Gov) Committees:
- More chairs now have experience in ESG, human capital, industry & operations, risk management, and technology.
- Demonstrates the growing public and investor pressure on nom-gov committees to manage broader governance responsibilities.
Conclusion: MyLogIQ’s data underscores a strategic trend in board recruitment, with committees increasingly seeking directors who offer deep expertise in key emerging areas like cybersecurity, ESG, and human capital management.
