Steps CFOs take to get appointed to corporate boards

By: Ted Knutson

Start networking now and prepare for a major time commitment later, say recruiters who help CFOs gain consideration.

Imagine investing some of your time in an endeavor that could boost your status as a financial and strategic leader and provide substantial income well past the traditional retirement age of 65.

Sound too good to be true? It probably is.

For even the most cut-above-the-rest CFOs, a prized seat on a corporate board — which can mean a significant boost in added income — is a dream often destined to be unfulfilled.

The supply of candidates far exceeds demand.

With little turnover, in any given year, there are thousands of executives in hopes of just hundreds of openings on boards of public companies.

Source: CFO Dive (2020)

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