Experienced director Yasmin Allen has had a rule of not sitting on boards of founder-led listed companies for more than 10 years.
The drawbacks of overseeing such companies can include a lack of robust debate, where independent directors’ opinions are overlooked, and poor governance structures.
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Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London. Connect with Sally on Twitter. Email Sally at spatten@afr.com
Patrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com
