Activists Demand ‘Board Refreshment,’ but Companies Say a Long-Tenured Director Can Be Indispensable

“We are hearing from clients that they’re really relying on some of their long-tenured directors in the boardroom who really have that seasoning and have seen the company through crisis periods before,” said Beth Sasfai, a partner at Cooley.

       

“We are hearing from clients that they’re really relying on some of their long-tenured directors in the boardroom who really have that seasoning and have seen the company through crisis periods before,” said Beth Sasfai, a partner at Cooley.