How Board Searches Actually Work (and Making Them Work for You)
So we’ve established that boards, particularly at public companies, now need current, targeted competence, diversity, and shareholder responsiveness. They also need people willing to devote more time and effort to fewer boards, and who are prepared for today’s liability and oversight concerns.
This all sounds noble, but these new demands have upturned and strained our ability to find, vet, and add new board members. Selecting a director based on mutual country club membership at least allowed quick decisions. Now, the process of deciding the talent and attributes sought in a new board member, finding that talent, getting to the “yes,” reviewing vitae, multiple interviews, ...
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