We are often asked about the qualifications and experience we are looking for in candidates for board positions. Similarly, executives are always keen to know what they can do to best position themselves as potential candidates for appointment to a board.
The boardroom is one of the places where character and experience reign supreme. Landing a role as a board member can be a prestigious and lucrative venture but board opportunities are rare.
Consider this, there are fewer than 4,000 U.S. companies listed by Nasdaq. According to CFO.com, each of those companies has an average of 9.2 board members with 1.5 of those being inside directors. Therefore, the total number of seats available for outside directors is approximately 30,800.