- Economics
- Answering Challenges to Advanced Economies
EXECUTIVE SUMMARY
Corporate directors regularly tap into an informal network (a “kitchen cabinet”) of trusted advisors to inform their thinking on leadership, oversight, and boardroom matters.
By contrast, corporate directors’ use of professional coaches is the exception rather than the rule and is primarily relied upon when a director joins their first board.
Directors use their kitchen cabinets to improve corporate outcomes and to leverage their experience, expertise, and personal referrals to benefit management and governance.
