Board games: is a cosy directors’ club a risk to corporate Australia?

Anne Hyland, The Sydney Morning Herald, 20 September 2021

The number of directors holding multiple board portfolios has raised claims of a cosy "directors' club" in corporate Australia. For many years, global funds management groups such as BlackRock and Vanguard have raised concerns about over-committed directors and their significant workloads. This is because businesses have become increasingly complex, requiring much more attention by directors. When times are good, it might be easy to juggle multiple board roles, but in a crisis it can be far more challenging given the significant time commitments involved. This problem within Australia’s director class has been exposed during the pandemic...

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