Collingwood's board has undergone its biggest change in Eddie McGuire's presidency, with two directors leaving and decorated former player Paul Licuria joining alongside Jodie Sizer, who is the first Indigenous woman to be on a Victorian AFL club board.

Long-serving board member and former player Ian McMullin and former Olympic gold medallist Alisa Camplin have both stepped down.

The change follows a review of the club's board by acting chief executive Peter Murphy and governance specialist Chris Thomas.

Off the board: Alisa Camplin. Credit:AP

Murphy has overseen a review of all facets of the club, including the football department, administration and board.