This corporate queen is right – the era of board entitlement must end

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Australia’s elite boards are still littered with time-served directors who are part of an entitlement club of similarly minded seat warmers.

As former chairman of CSIRO, the Commonwealth Bank and Telstra, the corporate blood doesn’t come any bluer than that which flows through the veins of Catherine Livingstone. So her pronouncement-opinion thatwill ruffle the feathers of the corporate establishment.

It is no longer enough to plonk a corporate lawyer, an investment banker and a few retired executives on the board and assume the bases are covered. It is no longer enough to plonk a corporate lawyer, an investment banker and a few retired executives on the board and assume the bases are covered.For example, boards need to have much more diversity – not just gender but in areas of expertise.

 

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