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Qualifications of Directors

Robert Neuschel, professor of Corporate Governance at the Kellogg Graduate School of Management specializes in studying boards of directors. Here is his outline of the qualifications for high quality board members. For those seeking board members or conducting board evaluations, these qualifications provide a good list to consider:

  • Possesses deep interest and enthusiasm for the company.
  • Has the wisdom and courage to make tough decisions.
  • Works to develop a solid understanding of the company’s products, markets, competition.
  • Has sound business judgment.
  • Give significant time and energy.
  • Is independent and objective.
  • Can articulate views clearly.
  • Is a collegial, team player.
  • Serves as an ambassador for the company.
      Next month we will outline Neuschel’s criteria for effective board process.
 

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