Two thoughts from this article on “The Rise of the Lawyer-Director:”
1) despite the title, most lawyers remain spectacularly unsuited for board membership. Too much focus on risk; too little attention to opportunity. While the article rightly points out the need for different roles on corporate boards, there’s no role for hand-wringing. However, those lawyers who are able to bring business and legal advice together should be finding more board roles open up, particularly as the thicket of regulation grows.
2) This may be the first staffing-related piece I’ve read that has mentioned “diversity of thought” as a goal. When it comes to the world of corporate boards – with the attendant risks of insularity and groupthink – that’s probably the only kind of diversity that ultimately matters.