Selecting A New Director

A board needs to have a broad mix of skills and experience to be effective. The key goal in selecting directors is to build a mix that can work as a well-rounded team in fulfilling its duties and responsibilities. A formal and transparent procedure for the selection, appointment and re-appointment of directors to the board helps promote investor understanding and confidence in that process. This Q&A identifies core director skills, the use of executive search firms, Directorship Opportunities and questions to ask when considering a candidate.