Back to basics: financial literacy for board members
Directors should have a minimal level of financial literacy that will allow them to make informed decisions. By BARBARA VOSKAMP
THESE days, it is nigh impossible to discuss the selection process of members to corporate boards without also raising the question of diversity.
As recent headlines, including the one involving Apple, remind us, diversity on a board of directors is a hot topic for not just shareholders and investors, but also for the company itself.
The received wisdom is that diversity adds a greater depth of thought, experience, knowledge and perspective to a company and how it does business.
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