The “Think Director, Think CEO” Myth: Fortune 500 Companies report addresses the myth that CEO experience is a requirement for corporate board service. In reality, directors govern both with and without CEO experience. Only about half of Fortune 500 board directors have CEO experience.

While there is no doubt that CEOs bring myriad skills to the boards on which they serve, companies and shareholders must realize that the “CEO” title, in and of itself, is not a competency for board service.