To Compete, Boards Have to Go Global
The largest 500 companies in the U.S. have to work harder to globalize their boards of directors if they want to penetrate emerging markets where double-digit economic growth is still occurring, says George L. Davis Jr., co-chair of the U.S. board consulting practice at executive search firm Egon Zehnder. Davis, who is based in Boston, says the largest 100 of those companies have made some progress, but the next tier is lagging badly behind. Here are edited excerpts from an interview:
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