Magazine article New Zealand Management

Calling for New Blood

Magazine article New Zealand Management

Calling for New Blood

Article excerpt

Older men. Golfing buddies. Part of an invisible network of social and business connections. That's the popular picture of corporate directors in the minds of the public. So is it true? A new study initiated by academic Jens Mueller and company director Sandy Maier flushes out the truths and myths in our nation's boardrooms. The results form the basis of this month's cover story: "Spotlight on directors", starting on page eight of this issue.

Mueller and Maier wanted to find out how well this current batch of directors is doing its job. Are these individuals sufficiently competent? And how can we ensure we get good directors for the future?

One of the key findings was a need for new directors, new blood, more diversity: whether that be gender or simply a person's background and track record prior to joining a board. Also bear in mind that while the respondents are representative of both large and small organisations, it is probably for the SME market that we can gain most of the useful information. As Maier points out, many previous surveys have concentrated on the boardroom practices of large organisations. Now, we've got useful stuff dovetailed to the needs and daily practices of the vast majority of our nation's companies. …

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