Recruiting the right members to its board can be particularly challenging for a private company. Here, KPMG outlines the key themes to look for.
Shifting markets and business models pay no heed to corporate structure: rapid changes and new risks and opportunities brought about by technology, globalisation and other factors have made the boards of both public and private companies an increasingly vital source of expertise and perspective to help keep the company on track. For private companies, however, shaping the right board – e.g. expertise, independence, mentorship – can be particularly challenging.