Yes, there are all kinds of professional benefits. But do you have the time to reap them?
Although money is probably not one of them, outside board service promises CFOs rich rewards: broadened professional horizons, top-flight networking opportunities, and an enhanced résumé.
On the other hand, a company directorship is no longer the sinecure it once was. It requires serious effort from people whose day jobs already demand daunting amounts of time, energy, and dedication.
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"CFOs interested in more senior positions need to improve their knowledge of the long-term issues that organizations face," said Milan Moravec, chief executive of Moravec Global, a consultancy on board composition. "By joining a board, they are able to address the big-picture issues. But more important, they have the opportunity to learn from successful leaders and expand their network."
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