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Board composition should prioritise STEMM competencies alongside governance and financial acumen, writes Natalie Chapman GAICD, director at Women in STEMM Australia.
Australian companies, regardless of their sector, must urgently rebalance their boards to include directors with STEMM (science, technology, engineering, mathematics and medicine) expertise. We are living through a period of accelerating global disruption — from AI and quantum to climate change and energy insecurity. These disruptive and often underestimated forces challenge governments, with boards and businesses — including mine — pushing leaders to adapt at an overwhelming pace. In this environment, boards that embrace innovation won’t just manage risk more effectively, they’ll future-proof their organisations, unlocking powerful new opportunities for growth.