Choosing the right board members is one of the most challenging tasks a company can face. Here is the rule - if you can pay them by the hour you don’t need to give them a board seat . Board members with strong networks. Having board members that have already climbed the mountain or forded the river can help reduce the fear of the unknown. I love college professors as board members (I was one!).

Source: Forbes January 26, 2017 18:18 UTC