Boards need new blood

THE rush of new blood into the nation's boardroom gene pool in 2002 and 2003 has abated, raising fears that board appointments are too heavily influenced by corporate governance "box-ticking" rather than performance.

The first comprehensive study of board turnover in the Australian Stock Exchange's top 200 companies has also reinforced the view that non-executive directorships in the nation are tightly held.
According to a report from Melbourne-based Proxy Australia, an average of 823 individuals occupied the 1073 available non-executive positions over the past four years.

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