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Boards need to pay heed to talent management too

As talent is a critical element of corporate performance, boards should give managing talent the same level of priority as strategy and risk management.

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A survey has shown that in many companies, ineffective talent management reduced the companies' ability to innovate.

MOST companies say people are their most important asset. But I've seen that few boards have human capital development as a regular item on their agendas.

Typically, the board (and, often, only the remuneration committee) receives tabular summaries of personnel data such as total