Director Education: Sending the Board Back to School

Recent economic turmoil has presented a raft of new challenges for company directors, but research suggests those who sit at the top corporate decision-making tables are either too complacent or too busy to consider upskilling. A study shows 80% of companies don't budget for director education. But there's a compelling case for board members to maintain a focus on professional development, argues world leading boardroom researcher Andrew Kakabadse from the UK's Cranfield University. A new emphasis on risk and the vexing succession issues that emanate from the need for better skilled boards are just two reasons why even seasoned directors should consider going back to school.