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The one place in business where executives don't have to worry about being judged too old is the boardroom -- if they're lucky to get a seat...
Certainly people are living longer and healthier, but having a directorship shouldn't be a sinecure.
The compensation, nominating and governance committee and the board believe a mix of longer tenured directors and new directors with fresh perspectives contributes to an effective board.
With age, you have accumulated wisdom.