Directorship Selection Risks: There’s Only One

One.

That’s how many directorship candidates traditionally are presented for interviews to nominating committees of boards of directors. I was startled to learn this during research on the composition and selection processes of Fortune 1,000 boards.

After all, the typical executive search process is rigorous. It involves extensive interviews (not to mention psychological screenings, exhaustive background scrutiny, and reference checks) with three, five, or even more final candidates.

Why do so many directorship searches still boil down to a single candidate being interviewed by current directors? (more…)