According to an article in the Wall Street Journal: “There is infrequent turnover among directors at S&P 500 corporations, where the median director was 63 years old XXXXXXXXXXThe research found that...

According to an article in the Wall Street Journal: “There is

infrequent turnover among directors at S&P 500 corporations, where the median director was 63 years old. . . . The

research found that at 24% of the companies, a majority of

the board had been in place for at least 10 years.” Is having

members of boards of directors serve for longer periods

likely to be good news or bad news for corporate governance? Briefly explain.

Source: Joann S. Lublin, “Corporate Heavyweights Back Governance

Practices,” Wall Street Journal, July 21, 2016.