IR Magazine: Boards looking beyond traditional experience for new director appointments

Directors from non-traditional backgrounds now account for almost 20 percent of all appointments, according to Diligent.

The number of newly appointed directors with traditional backgrounds has fallen from 59.4 percent in 2019 to 56 percent in 2021, according to a new report from Diligent. Traditional backgrounds mean people coming into the director role with experience as a CEO, CFO, or COO. Diligent looked at board director appointments at companies in the US, the UK and Australia.

Read the full article here. Maria Ward-Brennan, Reporter, IR Magazine

About the author

Edna Twumwaa Frimpong

Head of International Research

Edna Frimpong is an experienced research analyst with a demonstrated history of working in the information technology and services industry. In her role with the Diligent Institute, Edna oversees and directs corporate governance research projects and partnerships internationally, outside the US.

She joined Diligent Institute in 2021 after six years with CGLytics — a corporate governance analytics firm based in Amsterdam, The Netherlands, acquired by Diligent — where she served as Head of Research for the EMEA region. Previously, Edna held research positions at firms including Sustainanalytics and Carnomise. She received her Master’s Degree in Finance and Law from the Duisenberg School of Finance in Amsterdam, and her Bachelor’s Degree in Administration, Insurance and Risk Management from the University of Ghana.