The Wall Street Journal reports that an increasing number of companies are encouraging their senior executives to sit on boards of directors at other companies because it is an important part of their development as corporate leaders.There are recruiting firms who have come to offer reverse board searches. Rather than looking to fill a board seat on behalf of a board, in this case the recruiters are looking for a board seat on behalf of an executive.
Being a CEO is a very different role than being a senior executive, and one of the main reasons is because the CEO needs to manage their board and be comfortable being managed by them. Companies are right to want executives that are being groomed for the CEO spot to gain board experience. Additionally, senior executives are well served to get the broader view of an industry that a board seat affords.