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"It seems to me that you could have standards for serving on a board," Minow said, citing one board's provision that conviction of a felony was not grounds for its CEO's termination.
One other reason is the exposure and risk of serving on a board today, perceived and real.
Ms. Stewart returned to her company's board in 2011 after a five-year ban from serving on a board or as an executive of a publicly traded company.
But nothing beats actually serving on a board, and management experts say small companies can provide the ideal initial directorship for many executives.
A "There is no law or regulation that prohibits a broker from serving on a board," said Marc Luxemburg, a Manhattan lawyer who is president of the Council of New York Cooperatives and Condominiums.
The valuable career-building experience of serving on a board, not to mention the prestige, stock options and other perquisites that come with a director's seat, attract many more interested people than there are openings.
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A small note: I have seen pictures online of all this served on a dreaded board at the Bull & Ram.
"Ten years ago, he served and I served on a board that was funded by one of Ronald Reagan's former ambassadors and close friends, Mr. Annenberg".
Pinsky served on a board with a Starbucks executive.
This is based on the British ploughman's lunch — cheese, bread and chutney — served on a board.
If you serve on a board, it can take from 50 to 100percentt more time than before.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com