Hire a Retired Business Executive for Your Board of Directors

Retirees can bring an incredible amount of value to your board of directors. Their years of experience can contribute to improving a group’s creative decision making and serve almost as mentors to the other members of the board. Many retired executives are beginning to take positions on company boards of directors these days. These folks no longer want to work the long days and handle the high stress of full-time corporate work, but they still want to keep a hand in the game.

Today’s reasons for having retired executives on your board include:

• A shrinking supply of qualified candidates. It is simply becoming more and more difficult to find qualified personnel. Looking in the pool of retired execs can provide more options.

• Today’s board members are more independent than ever before, and non-managing board members easily fill this qualification.

Many companies now have restrictions on active CEO’s serving on the board, so, again, retirees nicely fill the slot with their years of experience.

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