The Search for Directors is a specialized task
Interesting thoughts from an academic who specializes in Governance. The need for independent directors is often crucial to a board because they can bring a new perspective IF they have prior relevant business experience and understand the job. I have been approached and been interviewed by the so called “specialist recruiters” and am sad to report that their comments were disturbing; “We do not want experienced business people, we want young fresh blood”; “We don’t want accredited people because they will pose conflicts for the CFO and COO”. What a waste of time this will be for them.
Yvan Allaire offers his opinion in this article and the “proof is in the pudding”. The responsibility of the board of directors to shareholders, to stakeholders or to contributors is ever expanding. The knowledge needed by each board member can on