Corporate boards should include at least one executive drawn from the Internet or technology areas among their directors; and regardless of industry, corporate boards should establish committees to oversee how the Internet can be used, according to two-thirds of institutional investors responding to a survey commissioned by global executive and director recruiting firm Russell Reynolds Associates.
The forces unleashed by the Internet are so significant that investors now consider them to be a boardroom-level issue, said John T.W. Hawkins, leader of the board service practice. In the coming years, successful Internet executives will have their pick of blue-chip boards to join.
More than 400 institutional investors from the United States, the United Kingdom, the Netherlands, France, Germany, Belgium and Italy were surveyed.