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Developing Board Opportunities: From Ideas to Action November 15, 2011. Tracy E. Houston, MA; Laurence J. Stybel President, Board Resource Services VP, boardoptions.com Slides 1 – 8 Slides 9 - 13 . Board Composition – Key Indicators. 2010 PricewaterhouseCoopers
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Developing Board Opportunities:From Ideas to ActionNovember 15, 2011 Tracy E. Houston, MA; Laurence J. Stybel President, Board Resource Services VP, boardoptions.com Slides 1 – 8 Slides 9 - 13
Board Composition – Key Indicators 2010 PricewaterhouseCoopers Annual Corporate Directors Survey Board Composition Concerns 45% believe shortage of qualified candidates The top three most difficult to recruit are: Racial Diversity Gender Diversity Technology Expertise
Board Composition – Key Challenge 2010 PricewaterhouseCoopers Annual Corporate Directors Survey How Do Boards Find New Candidates 86% suggest candidates that are their own contacts Suggests trust and confidence are a high priority Suggests a need to cast a wider net
Who are boards looking for? *Source: 2010 Spencer Stuart Board Index
Who has been placed on a board? *Source: 2010 Spencer Stuart Board Index
How are board members found? *Source: 2010 Spencer Stuart Board Index
How do I develop a strategy to get on a board? • Professional background • Highest level experience • Industry niche • Compare with corporate governance needs • Fill educational gaps
Additional Resources 2011 surveys for boards: KPMG's 2011 Public Company Audit Committee Member Survey Of the many issues on their plate, audit committee members say they want to devote more time over the next 12 months to IT risk (first on list) http://www.kpmginstitutes.com/aci/insights/2011/aci-annual-survey-2011.aspx 2011 white papers for boards: Taming the Information Technology Risk - NACD and Oliver Wyman http://www.nacdonline.org/Resources/Article.cfm?ItemNumber=3332 Tech-Intelligent Board - Deloitte Global Center http://www.deloitte.com/view/en_GX/global/1bf1d6ba09e5e210VgnVCM3000001 c56f00aRCRD.htm
Experienced Board Member and SVP for one of the world’s leading financial service institutions. Functional expertise in Global Information Services but also a leader in institutional sales in China and India. Negotiated and managed a $3 Million partnership with a Chinese company. American Citizen of Pakistani birth who was educated in Beijing and has a S.M. from Sloan Management School at MIT. Qualified to contribute to full Board discussions involving strategic review and finding sources of capital, review of M&A plans, and asking the right questions about Information Systems as a strategic tool. Will bring a strong global perspective to full Board discussions. Qualified to serve on Compensation and Audit Committees. Best suited for private or small cap public companies. Well suited for technology companies serving global financial services customers.
MORE IDEAS: http://boardoptions.com/bod.htm
Additional Resources Nacdonline.org Boardoptions.com
For More Information Tracy E. Houston, M.A. Board Resource Services P.O. Box 150633 Lakewood, CO 80215 T: 303.520.5235 E: tehouston@earthlink.net W:www.linkedin.com/in/tracyehouston A partner withThe Board Institute
For More Information Laurence J. Stybel, Ed.D. Boardoptions.com lstybel@boardoptions.com T: 617 594 7627