“As Apple’s founder and chief visionary, Jobs viewed boards as an obstacle to innovation. Thus he surrounded himself in the boardroom with a brilliant but arguably passive group of directors who provided him with the leeway he felt he needed to build the company that Apple became,” Rogers writes. “The problem, of course, is that Cook adopted Jobs’ board, and such a strategy is no longer sufficient. Apple needs a board that will challenge Cook and his management team to remain competitive in a growing international market.”
“The question now facing Apple’s shareholders is whether Cook can embrace innovation in the boardroom the way Apple does in its products. Almost any board embarking on a director search can attest that there are no perfect candidates,” Rogers writes. “A ‘strong business background’ is almost always a given, but it is virtually impossible to check off all of the desired proficiencies on a nominating committee’s wish list.”
Nevertheless, if I were an Apple shareholder, I would want Tim Cook to address these five needs in his director search:
1) Female candidates
2) Selecting outside the directors’ club
3) International expertise
4) Technology background
Read more in the full article here.