By Geoff Ruddick – There has been an extraordinary focus on and trend towards `split boards' in the last few years. For most people the accepted definition of a 'split board' is having independent directors from different fiduciary firms. It is considered by some to be the best way to construct a board. In reality this is an overly simplistic definition and assessment of how to recruit and construct an effective and diverse board. So how did this readily accepted definition come to be? In some respects there is merit and in other respects it is simply a sales pitch.
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