Mr. Baskett says that serving on multiple boards hasn't diminished his ability to be there for any one company.
They managed to collect data on 277 directors who served on multiple boards concurrently, one of which was associated with financial fraud.
FORBES: Boards and fraud - who gets the sack and who gets to stay?
While it is not entirely unusual in the U.S. for prominent corporate executives to sit on multiple boards, they are not spread nearly as thin as their Islamic scholar colleagues.
Inside knowledge is perfectly legal for all these players, who sit on multiple boards, read hundreds of for-their-eyes-only business plans, and shuffle capital among hundreds of companies under a corporate umbrella or within a portfolio.
Laura is President of the Marc and Laura Andreessen Foundation, and she sits on multiple boards, including the Sand Hill Foundation, the Arrillaga Foundation, Stanford University School of Education, Stanford Institute for Economic Policy Research, and, formerly, the Silicon Valley Community Foundation.
FORBES: Laura Arrillaga-Andreessen on 21st Century Philanthropy and Smarter Giving
Boards have multiple roles, from fundraising to caretaking, governance, and oversight.
Her hard hitting piece is absolutely fascinating and covers how sport drink friendly messaging evolved and later became questionably incorporated into official medical and sport recommendations, often by advisory boards with multiple members on sport drink payrolls.
FORBES: Guest Post: The BMJ's Amazing Shock and Awe Assault on Sport Drink Science
As you may know, outside directors often serve on the boards of multiple companies and a study by Professor Srinivasan from the Harvard Business School showed that they lose about 25 percent of these (rather lucrative) jobs if one of the companies in their portfolio is caught up in fraud.
FORBES: Boards and fraud - who gets the sack and who gets to stay?
Playing the portfolio game is especially hard when you are dealing with people whose own portfolio models require that you go all in on one thing (investors who invest in multiple things and sit on too many boards, but insist that those they fund be 110% committed to their investment, seem to miss the irony).
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