Independent board members are one of the most valuable resources for a private company. They are its conscience.
An organization that views its board as an instrument of accountability, growth and strategy realizes the value. Independent board members’ wealth of knowledge and experiences enhance a company’s capabilities and bring a range of new ideas to strengthen or transform the business while minimizing risk.
What qualifications, experiences and expectations should be considered when selecting an independent board of directors?
A checklist for the best candidates
9 things to offer prospective candidates
What information and expectations should you provide during the selection process?
The best independent directors can be a significant asset and offer value through their skills, expertise, network and mitigation of risk. They will also ensure superior success and lend credibility to a company.
What or who is the conscience of your company?