Exact(14)
four times as likely to sit on five or more outside boards".
On average, its directors sit on two other outside boards, and the compensation-committee chairman sits on four.
Mr. Carey says company bylaws now stop more chief executives from serving on more than two or three outside boards.
The committee changes come at a time when Mr. Thompson is restructuring the health and human services advisory system, which consists of 258 outside boards and panels.
And under pressure from their own boards and shareholders, many chief executives are limiting to two the number of outside boards on which they will serve.
"The general trend is for stronger outside boards," said Jeffrey Christian, chairman and chief executive of the executive search firm Christian & Timbers based in New York.
Similar(46)
Its new 11-member board includes eight outside board members.
It would be preferable to make this outside board truly outside and credible".
No outside board can tame any owner, a former Sunday Times investigative reporter, Bruce Page, told me.
Hennessy says that his outside board work has made him a better president.
That means active C.E.O.'s are now sitting on only one outside board.
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