The One-Tier Board (IVOR nr. 85) 2012/3.4.8:3.4.8 Not too large

The One-Tier Board (IVOR nr. 85) 2012/3.4.8

3.4.8 Not too large

Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.Deze functie is alleen te gebruiken als je bent ingelogd.

Most listed companies have between eight to twelve board members.1

Martin Lipton and Jay W. Lorsch wrote: "We believe that the size of a board should be limited to a maximum of ten directors (indeed we would favour boards of eight or nine) with a ratio of at least two independent directors to any director who has connections with the company…….”2 Boards need to be large enough to accommodate the necessary skill sets and competences, but still be small enough to promote cohesion, flexibility and effective participation.3 On this point the US and UK have the same view, see also 2.4.9 for UK views.

Martin Lipton said in a speech of 2010: "the trend for the future is for smaller boards to become larger so as to have sufficient independent members to fill the audit, nominating and compensation committees — and last but not least the risk committee! — as well as members for other special expertise, such as IT or derivatives, who may not necessarily be independent".4

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