Agree that board hire impact could take some time to manifest. Though, in my experience (boards I serve(d) on and that my colleagues serve(d) on), we’re bringing on a small number of directors every 1-1.5 years. So, I’d be surprised if it took 2-3 years for impact to be felt here. On a board with staggered terms for directors, typically every year there are directors with expiring terms. Some of those directors are renewed for an additional term. But it’s also quite common for one or more directors to leave the board and create a vacancy every year.
Agree that board hire impact could take some time to manifest. Though, in my experience (boards I serve(d) on and that my colleagues serve(d) on), we’re bringing on a small number of directors every 1-1.5 years. So, I’d be surprised if it took 2-3 years for impact to be felt here. On a board with staggered terms for directors, typically every year there are directors with expiring terms. Some of those directors are renewed for an additional term. But it’s also quite common for one or more directors to leave the board and create a vacancy every year.