CEOs and directors realize that board discussions are richer when individuals with diverse backgrounds and perspectives participate. But there is still only a small number of women and minorities among senior corporate executives, and they are in high demand. |
CEOs and directors realize that board discussions are richer when individuals with diverse backgrounds and perspectives participate. The challenge is finding qualified women and minority candidates. Boards have a responsibility to shareholders to align the composition of the board with the business strategy by appointing directors who add value to the board and company. But, there is still only a small number of women and minorities among senior corporate executives, and they are in high demand. |
Finding directors of any kind is more difficult than ever. Active CEOs, who are most wanted, are often not available for board duty. Boards need a well defined process to find directors they need. |
Most people, if they can put together a portfolio of activities, find it's very interesting rather than going back to a full-time job. |
Some have made more money than they expected. Some have been merged out of a job. Some have been as successful as they could have imagined and feel it's time to move to the next phase of their lives. |
They are more attuned to thinking about their life in phases rather than completely around work. |
We used to get a response in two or three calls. Now we can call 10 CEOs and not get a response. |