Thursday, 29 July 2010 15:37

Canadian Boards Report - Proportion of Boards with Empty Seats Featured

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When it comes to the proportion of empty seats on the boards of directors, U.S. firms report slightly fewer empty seats than Canadian companies. (See Figure 3.1.) Specifically, about 25 percent of U.S. corporations report empty seats on the board, whereas nearly 27 percent of Canadian corporations report empty board seats. These figures are based on a revenuematched sample of Canadian and U.S. companies.

As the Silicon Valley study indicates, the size of valley based companies is getting larger in a post-SOX arena. Perhaps this trend will affect entrepreneurial boards in the future and this might affect the number of open seats.

Figure 3.1: Proportion of Boards with Empty Seats - Canadian vs. U.S. Companies

Proportion of Boards with Empty Seats - Canadian vs. US Companies

Based on a revenue matched sample of Canadian and U.S. corporations

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Dora Vell

Dora Vell is the Managing Partner of Vell Executive Search, a boutique executive search firm in Boston focused on recruiting technology executives and board members. Vell has successfully completed numerous board member and C-level executive searches, including CEOs, COOs, CIOs, and Vice Presidents - at both public and private companies.

Prior to founding the firm in 2005, Vell was a Partner at Heidrick & Struggles' Technology practice for seven years.  Before her career in executive search, she worked at IBM for 11 years, managing software engineering organizations of 100 people and software sales organizations with revenues of $150 million. She has also served as an executive assistant to the CEO of IBM Canada for one year.

Vell holds seven worldwide software patents. She has published several Business of Leadership reports on governance and leadership and has been quoted in numerous articles including The Wall Street Journal, Forbes, Business Week, Fortune, Agenda Week, MSNBC, Mass High Tech, the OPUS for the World Economic Forum, Boston Business Journal, The Globe & Mail, CIO Magazine, and IEEE. She also has been a featured speaker on leadership at numerous conferences and at Columbia University's MBA program.

Vell is a member of the National Association of Corporate Directors (NACD), the Boston CEO Roundtable. She has served on the boards of Framingham State, Entrepreneur's Organization, Goodwill, Mary Centre for developmentally handicapped adults,, and RBC Capital Partners.

She has received an MBA from the University of Toronto, a Master in Computer Science from the University of Waterloo, and a Bachelor in Computer Science from Carleton. She has also completed the MIT Entrepreneurial Master’s program.

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