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Boardroom brain drain

By mwelch October 31, 06 11:26 AM

Source: Forbes

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Photo originally uploaded by smuncky via Flickr

In 1990, almost 90 percent of the CEOs of the largest 100 companies served on outside boards. Today, that number has fallen below 60 percent. Intense scrutiny and new regulations aimed at curbing the trend of clubby, rubber-stamping, multi-board member CEOs, may have had an unintended negative effect. Active CEOs are arguably more experienced and talented - sought-after because their point of view is not hypothetical, but based on experience. Traditionally they've been the mainstay of the modern corporate board. Jim Drury writes that refomers need to know that "too much of a good thing is never a good thing."

http://www.forbes.com/2006/10/13/leadership-ceos-governance-lead-govern-cx_hc_1016ceo.html

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