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The Governance Revolution by Deborah Midanek

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Chapter 24 Seek Wisdom, Courage and Breadth of Experience in Director Recruitment

Face the challenge of recruiting and retaining highly qualified directors who are willing to shoulder the escalating workload and time commitment required for board service, while at the same time facing pressure from shareholders and governance advocates to embrace “board refreshment,” including issues of age, length of service, independence, expertise, gender and diversity, and provide compensation for directors that fairly reflects the significantly increased time and energy that they must now spend in serving as board and board committee members.

When I joined my first board in 1990, boards were obscure and few wanted to take on what were thought to be the serious ...

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