developing board opportunities: from ideas to action november 15, 2011
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Developing Board Opportunities: From Ideas to Action November 15, 2011. Tracy E. Houston, MA; Laurence J. StybelPresident, Board Resource ServicesVP, boardoptions.com Slides 1 – 8Slides 9 - 13. Board Composition – Key Indicators. 2010 PricewaterhouseCoopers - PowerPoint PPT PresentationTRANSCRIPT
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Developing Board Opportunities:From Ideas to Action
November 15, 2011
Tracy E. Houston, MA; Laurence J. StybelPresident, Board Resource Services VP, boardoptions.comSlides 1 – 8 Slides 9 - 13
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Board Composition – Key Indicators2010 PricewaterhouseCoopers
Annual Corporate Directors Survey
Board Composition Concerns
45% believe shortage of qualified candidatesThe top three most difficult to recruit are:
Racial Diversity
Gender Diversity
Technology Expertise
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Board Composition – Key Challenge2010 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
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Who are boards looking for?
*Source: 2010 Spencer Stuart Board Index
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Who has been placed on a board?
*Source: 2010 Spencer Stuart Board Index
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How are board members found?
*Source: 2010 Spencer Stuart Board Index
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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
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Additional Resources2011 surveys for boards:
KPMG's 2011 Public Company Audit Committee Member SurveyOf the many issues on their plate, audit committee members say theywant 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 Wymanhttp://www.nacdonline.org/Resources/Article.cfm?ItemNumber=3332
Tech-Intelligent Board - Deloitte Global Centerhttp://www.deloitte.com/view/en_GX/global/1bf1d6ba09e5e210VgnVCM3000001c56f00aRCRD.htm
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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.
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MORE IDEAS:
http://boardoptions.com/bod.htm
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Additional Resources
Nacdonline.org
Boardoptions.com
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For More Information
Tracy E. Houston, M.A.Board Resource Services
P.O. Box 150633Lakewood, CO 80215
T: 303.520.5235E: [email protected]
W: www.linkedin.com/in/tracyehoustonA partner with The Board Institute
