Seismic shift in board composition: new opportunities for board service are opening up for next-generation leaders.

Directors & BoardsVol. 29 Nbr. 4, June 2005

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Spencer stuart governance letter

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Seismic shift in board composition: new opportunities for board service are opening up for next-generation leaders.

FIVE YEARS AGO, at least half of the directors of a typical corporate board were active CEOs. Highly valued for their general management experience, big-picture view, and knowledge of current business challenges, sitting CEOs were the inevitable "ideal" candidate in nearly every board search our firm conducted at the time.

CEOs themselves saw the value in serving on outside boards and made time for these commitments. Taking advantage of the op...

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