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Mutual-Fund Directors Are Staying On Boards For Decades. Is That A Bad Thing?
Non-profit organizations typically have solid limits on board tenure written into bylaws. It's clearly recognized that fairly frequent, but overlapping, board turnover is healthy and necessary for an organization to stay vital and not stagnate. There is no debate whatsoever; it's a neon-flashing negative for an organization to keep directors around for "decades," or anything approaching it.
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