Your Board Needs a People Committee

When it comes to attracting, developing, and retaining talent, corporate board members have long been an underutilized asset, largely relegated to traditional board compensation committees. Some companies, including JPMorgan Chase, Walmart, and Dupont, are expanding the mandate of these committees, but the authors recommend boards go even further and create a broader and more dynamic “people committee,” with three chartered responsibilities: 1) CEO succession; 2) Driving cultural accountability; and 3) Shaping the workforce of the future.

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