My son wrote a post on his blog “How NOT to build an advisory board. . .” which I think should be of interest to all board members. If a company selected board members the way the government does I think they could be sued for dereliction of duty.
Today I attended the ACG Texas Capital Connection in Dallas. A great program as usual. Over 1100 attended, clearly a financially knowledgeable group. The morning speaker asked is the economy was going to get worse, all 1100 raised their hand that it would. Hope we are wrong. Another interesting fact was that out of the 100 companies in the capital connection room, I could only find 5 lenders. Normally lenders are around 25% of the companies. Not a good time to get money.