Today's New York Times reports on the high "price of admission" to serve on some of the most prestigious cultural boards in New York City, with some requiring give/gets (the combination of what a board member contributes and raises) in the millions of dollars.  Examples include The Metropolitan Museum of Art, The New York Public Library, The Museum of Mo Read More »

According to Harold ("Terry") McGraw III, Chairman, President and CEO, The McGraw-Hill Companies (NYSE: MHP), nonprofit board service is a key qualification for any executive he might hire or promote. In a private interview with me, Terry McGraw explained that "If I don't see that [board service], I'm discouraged about the candidate. I want to see how complete a person is. Board participation tells me a lot about someone's interest and experience in teambuilding and openness toward coaching. Read More »