On Oct. 23, Bally Total Fitness made a number of board-related announcements, including that the board would be reduced from nine members to five by the time of the company’s annual meeting, scheduled for Dec. 19.
Bally’s move to a smaller group of board members, however, is somewhat surprising to governance experts, and underscores the question of how large the “ideal board” should be. (The company, however, did not elaborate and did not return several phone calls seeking comment.)
