As governance responsibilities dramatically evolve in response to today’s economic upheaval and social unrest, so too must the board’s approach to necessary turnover among its ranks. The adoption of a thoughtful “offboarding” strategy may allow the board to achieve its turnover goals in a less disruptive, but more accelerated manner than by traditional means. For the many reasons discussed here, it is critical for the board’s governance committee to take a closer look at what offboarding might achieve as a governance tool.

Michael Peregrine