What Challenges Might the Nominating Committee Face?
The nominating committee may encounter several challenges, such as:
- Resistance to Change: Overcoming resistance from existing board members or executives who may be reluctant to embrace new leadership. - Finding the Right Fit: Identifying candidates who not only have the right qualifications but also fit well with the company's culture and values. - Balancing Diverse Needs: Balancing the need for diverse perspectives with the requirement for specific skills and experience. - Succession Planning: Ensuring that there is a robust succession plan in place for all key leadership positions.