Jena McGregor wrote a fascinating piece on Business Week’s Management IQ blog yesterday on the growth of international members on corporate boards. McGregor examines the issues surrounding the idea both pro and con. She writes,
In an attempt to diversify, boards have long sought to add women or minorities to their ranks. But as U.S. markets slow and global revenues become more critical than ever, they’re increasingly seeking foreign members or directors with significant international know-how. “It’s an emerging area,” says National Association of Corporate Directors president Kenneth Daly. “There’s a lot of interest in foreign companies having U.S. directors as well as U.S. companies wanting foreign directors.” Bart Friedman, a partner with Cahill Gordon & Reindel, who advises boards on governance matters, says he sees the interest doubling each year. “I’m not aware of a board that hasn’t at least thought about the issue.”
The blog is very worthwhile read for anyone interested in the corporate boards and how they can be helpful to a company’s success. Check it out.
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