Thursday, 29 July 2010 15:36

Canadian Boards Report - Board Size Featured

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The size of boards varies significantly between Canadian and U.S. companies represented in the Entrepreneurial Boards Composition and Compensation Survey: The Canada Report. (See Figure 2.1.) Canadian corporations report between five and eight board directorsrs, while U.S. companies report between three and nine board directors. The median for companies in both nations, however, is six. The results were based on a revenue-matched sample of Canadian and U.S. corporations.

The 2006 Silicon Valley Board Index (SV100) survey from Spencer Stuart notes that 48% of the top 100 companies in the valley have between five to seven board members and 36% have between eight and nine board members. Only 16% have 10-11 board members and none have more. By contrast, the S&P 500 40% have 10-11 board members and 26% 12-14. Also, in the smallest of the SV100 index (companies under $250m) have an average of 5-7 board members.

Small entrepreneurial companies need to move fast and need smaller boards with plenty of high powered strategic insights.

Figure 2.1: Board Size - Canadian vs. U.S. Companies

Board Size - 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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