The Board of Directors of U.S. corporations faced with an increasing number of orders. At the same time, the pool of available candidates for such positions declined. Given these realities, companies looking to fill board openings should consider a new type of director: The well-established professionals who devote all of their work, time and energy at corporate events board. Professional board members may come from different backgrounds, but they are likely to come from one of three categories. The first group of top managers in mid-career. These leaders have significant experience (20 + years), but prefer to use their knowledge and experience in the less rapid and more consultative manner. The second group of leaders 10 years older than those in the first category. (Thus, they tend to have 30 years of experience). Tired of the senior management of stress, but having sufficient financial resources, people in this group can be considered cost position as a prelude to retirement. The third category includes former senior partner in the national accounting firm with 30 years of experience in auditing and internal controls. Although his experience career will not be as broad as that of many other leaders, individuals in this category would be ideal to corporate chair of the audit committee or compensation. "Hide
by Eugene H. Fram Source: MIT Sloan Management Review 5 pages. Publication Date: January 1, 2005. Prod. #: SMR165-PDF-ENG
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