Anavex Life Sciences Corp (AVXL)

[Fire Misleading]

Creating a Board of Directors composed of great board members is vital to a company's success. (Source Great Board)
It states one board member outside industry not most.

Relevant Context

A great board member needs to have as much relevant context as possible in order to offer actionable and on-point advice.


Industry – While someone can be a great board member and not be from the same industry in which the company operates (sometimes it’s not a bad idea to have one board member who is from outside your industry, for perspective), it helps if most board members do have industry context in some form (customer, supplier, academic, etc.). It’s too hard to train a whole board on all the nuances of an industry, when decisions have to be made with alacrity using the best insights possible.