The importance of group-fit in new director selection

What is it about?

Getting the right directors on a board is critical for board effectiveness, while there has been a lot of focus on who sits on a board, less has been paid to why a particular director is selected. This paper aims to bridge this gap and explores how and why outside directors are selected to boards

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Why is it important?

We find board selection processes vary considerably between organizations, and this effects the type of candidate appointed. While successful selections should consider both technical and social considerations, many organization's select directors based on only one of these criteria - risking the likelihood of a mis-fit between the position and the appointed director.

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