#AlignedValue: Is there #NoSubstitute for expertise on FORTUNE 500 boards?
I found Emilie Feldman’s research intriguing. She suggests that Director incentives might only be effective when combined with “expertise”. Emilie labeled non-expert outside directors “significant ownership, low expertise” (a/k/a “SOLE”), and uses the following criteria to define SOLE directors: 1. Not the founder of a FORTUNE 500 company 2. Not the current or retired CEO or chairman of a Fortune 500 company 3. Not a director of more than one Fortune 500 company 4. Owns shareholdings of at least 0.1% My conclusions: 1. There is no question in my mind that expertise as a CEO, Chairman, and service on multiple Boards is a … Continue reading #AlignedValue: Is there #NoSubstitute for expertise on FORTUNE 500 boards?