Typically, the lead director’s background is in general management of a public company, often as a past chair, CEO, or president, although a small number have not had any prior position with a public company. With experience in leadership and past exposure to corporate crises and complex problems, a lead director is well situated to offer helpful guidance to other independent members of the board and serve as a key advisor to the CEO. A majority of those surveyed have input on the chairman’s development of agendas for board meetings and materials to be sent to the board, and all.
