A reader of the Investors Chronicle magazine recently wrote in to mention that the Board of Directors of Fresnillo the silver miner has a combined age of 932 years. They have 14 directors (average age 66.6). Not wishing to be ageist (I’m 55 myself) but two quotes come to mind that we regularly ask our clients to think about.
The first is from Gary Hamel, strategy author and consultant, “experience is great as long as the future resembles the past”.
And the other from David Garvin of Harvard Business School ‘someone with thirty years’ service doesn’t necessarily have 30 years’ experience. It’s more like one year thirty times!”