Zuckerberg or Buffett — Is Youth or Experience More Valuable in the Boardroom?
Business scholar’s analysis of mandatory retirement policies shows institutional knowledge, experience and age are all factors that shareholders should consider in corporate governance
COLUMBIA, Mo. – Approximately half of the companies listed with Standard & Poor have adopted policies mandating retirement based on age. A new study from the University of Missouri has found that although these mandatory retirement polices represent an effective way to address underperforming CEOs, accumulated job experience improves performance and counters age-related declines. (more…)