How does the board decide what director qualifications are desirable and what additional training directors may need?
The annual board self-evaluation process should generate discussion on the skills, knowledge, abilities, and experience a director should possess; the conclusions reached in these discussions can form the basis for the board policy on desirable qualifications. The board self-evaluation will also help identify areas in which directors believe they need additional training either to correct existing weaknesses or to prepare directors for new business challenges.
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