Management Turnover as Change Agent

Tuesday, December 18, 2007

Recommended Reading - More Boards Seek Directors Who Aren't CEOs

Joann S. Lublin wrote a piece in yesterday's Wall Street Journal entitled, More Boards Seek Directors Who Aren't CEOs. In the story Lublin writes,
Non-CEO executives accounted for 29% of new independent directors on boards of Standard & Poor's 500 concerns, according to an analysis of recent proxy statements by recruiters SpencerStuart. That's up from 18% in 2001. (Both figures include some retirees.) Those ranks will keep growing, predicts Julie Daum, head of the search firm's U.S. board practice. Boards "are looking for different kinds of skills," she says.
For more on the story click here.

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