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Current conventional wisdom holds that outside directors are a panacea for the ills of modern corporations - bringing tougher independent standards and compelling improved shareholder return. Yet, based on her study of the Standards & Poor's top 500 corporations, this author questions whether outsiders are quite the boon they seem. (Reprinted by permission of the publisher.), Current, conventional wisdom holds that outside directors are a panacea for the ills of modern corporations - bringing tougher independent standards and compelling improved shareholder return. Yet, based on her [...]

To be an effective director, one should bring company expertise, industry knowledge, operating experience, technical skill, or other related abilities--something more than a pleasant personality and a lack of connection [...]