To be or not to be - an independent director?

MANY people do not usually consider taking on the role of an independent director. Those who have, often think the responsibilities are too risky, or something they may not be able to handle.

The reality can be completely different. An independent directorship can be an uplifting stimulus and provide experiences not normally obtainable in executive life.

It used to be that stepping into the ranks of independent directorships was like joining an exclusive club - more social than work. I know of one board that used to have a one-hour board meeting ending with a four-hour lunch. I understand this same company now has reversed their priorities with a four-hour board meeting followed by a one-hour lunch.