Although 63% of companies cite people-related risks including staff and skills retention as one of their principal risks only 35% of company secretaries say their executive pipeline has a sustainable pool of talent.
The nomination committee has been portrayed as the poor relation of the main board committees. Its role may be less clearly defined than that of the audit committee, and its profile lower than that of the remuneration committee, but it plays a pivotal role in appointing directors to the board. If the board lacks the right balance, knowledge, skills and attributes, the likelihood of it operating effectively is greatly reduced.
