2025 Inside the Public Company Boardroom
The oversight responsibility of boards and directors has become increasingly complex amid changes to the political, geopolitical, and economic environment that are expanding the board agenda.
…Boards should ensure that they are equipped with directors who possess the right experience to face the current and prospective business environment. Data from MyLogIQ reveal how the skill sets and experience of directors, as featured in director biographies, have changed over the years. The data suggest that, in general, the skill sets of board members change quite slowly, as each year boards endeavor to augment board skill sets with those of a new class of directors while filling gaps left by those directors retiring from the board.
For example, given the emphasis on technological change in recent years, one might expect that boards would seek to bolster their ranks with technologically savvy directors. In practice, the percentage of directors noting such skill sets in director biographies has only increased by a few percentage points over the last few years. Meanwhile, more traditional skill sets, such as those related to leadership and finance, remain the most widely held among Russell 3000 directors.