The board of the Collingwood Football Club met on Wednesday to establish the process by which a successor to long-standing president Eddie McGuire will be chosen.

McGuire resigned with immediate effect on Tuesday, after 22 years in the role.

It was agreed that until a successor is decided upon directors Peter Murphy and Mark Korda will share the role as interim co-presidents.

Murphy has been a director since 2018. Korda has been on the board since 2007.

The board believes that there are a number of high quality internal candidates and wishes to consider external candidates for the vacancy. In replacing both the president and the casual vacancy role, the board wants time to determine what further professional expertise it wishes to bring to the board table.

On behalf of the board director Christine Holgate will chair this process, which commenced when McGuire announced he was stepping down from the presidency late last year. It is expected to conclude within 8 weeks.

The implementation plan of the Do Better report findings was also addressed at Wednesday’s meeting. It was determined that the expert advisory panel recommended by the Do Better report will be established as a priority and report directly to the board.

This work has already commenced and an announcement on the formation of the panel will be made next week.

Further, the club will employ a strategic advisor to provide expert advice as the club begins to implement all the recommendations of the Do Better report across the organisation. This role will report directly to chief executive Mark Anderson. This appointment is also expected to be announced next week.