The “Think Director, Think CEO” Myth: Financial Post 500 Companies report addresses the myth that CEO experience is a requirement for corporate board service. In reality, a majority of directors do not have CEO experience. More than 60 percent of Financial Post 500 board directors govern without this experience.
While there is no doubt that CEOs bring myriad skills to the boards on which they serve, companies and shareholders must realize that the “CEO” title, in and of itself, is not a competency for board service. – Catalyst.org