As the business landscape in India gears up for the challenges and opportunities of 2024, a recent survey conducted by Heidrick & Struggles sheds light on the prevailing trends in boardroom dynamics.
A survey to understand business priorities for 2024 and the perception of current managing directors, board chairs, and chairs of subcommittees around the board refresh, has revealed that three in five (59%) are undergoing a board refresh or hiring a new director in the next 12-18 months.
Of those undergoing a board refresh, about three-quarters (74%) cite the retirement of a director as the reason they are undergoing a refresh, and one in two (48%) aim to infuse new skill sets into their boards.
Source: People Matters
