Managing governance issues is now a part of everyday corporate life. Corporations have integrated new or more stringent practices into their governance models and are ready to begin focusing more fully on running their businesses. But one problem persists: Director candidates who meet independence and professional capacity requirements are harder to find, and competition for qualified individuals is fierce.
Professionals who have solid business backgrounds and are free of various types of corporate “relationships” find themselves in hot demand. But corporate directorships are no longer viewed as necessarily desirable, making life difficult for boards seeking new blood.
Despite the obstacles, it is possible — through planning and effort — to recruit highly qualified directors. This article explores the topic and suggests the best results will occur when boards and nominating committees are realistic about the recruitment process.
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