Teneo Insights Podcast The Modern Board: Corporate Governance in an Era of Change and Risk
Nov 24, 2025
Jonathan Foster, founder of Current Capital Partners and author with vast board experience, joins Martha Carter, Vice Chair at Teneo and governance advisor. They dive into evolving board dynamics, discussing the importance of CEO succession planning and performance assessments. Foster champions separating CEO and chair roles for better transparency, while Carter highlights challenges like climate risks and stakeholder communication. They also touch on the need for proactive director education and the crucial balance between shareholder and stakeholder interests.
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Governance's Historical Shift
- Corporate governance evolved from rubber-stamp boards to active overseers defined by duties of loyalty and care.
- Institutional investors, advisory firms, and litigation raised governance standards but gaps like director evaluations remain.
Future-Proof The Board
- Future-proof your board by mapping the company's 3–5 year strategy and identifying skills gaps among directors.
- Conduct confidential interviews and refreshment discussions so directors can opt out if misaligned.
Hire Versatile Board Members
- Prioritize broad-based successful directors over single-topic experts to keep equal-vote boards effective.
- Ensure directors know finance, HR, operations, and can engage beyond their specialty.
