Choosing Your Board of Directors

My feeling is that, in most cases, a board of eight is sufficient. This number is based on specific specialties in which your board members should have some competence. If you get much beyond eight members, my experience is that the board becomes too bureaucratic and unwieldy.

Let's say that the time has come for your closely held corporation to take the next step for growth and credibility -- the choosing of a board of directors. Or, let's say that you are a major shareholder in a publicly held company and are concerned about whether your corporation is in compliance with the Sarbanes-Oxley Act (SOX), and whether you have the right board to properly oversee that compliance.

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