Offboarding: The Diplomatic Way To Achieve Critical Board Turnover

Revolving door business management

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.

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