Every company feels pressure from Wall Street to grow their business. We see companies and boards creatively advance and build shareholder value by mining the best of their directors’ skill sets. Margaret Pederson, who chairs the Innovation and Market Strategy Board Committee (Viad Corp), shares her committee’s responsibilities—and its challenges.
Pederson discusses tips on building a board with the right composition. Determining the board’s succession plan for each committee chair is a wise approach to managing board composition and refreshment. Pederson also addresses the challenges of managing the array of tasks required of directors from one meeting to the next.
The filming of this episode of Inside America’s Boardrooms was made possible by our Knowledge Partners.