A Coopers & Lybrand survey of 302 CEOs who run business with less than $50 million in sales found that 41% have outside boards. Most (64%) meet quarterly, 25% meet monthly, and 3% meet annually. Their advisers include --

% of respondents

Active business executives from other organizations 69%

Investors or venture capitalists 36

Retired business executives 30

Lawyers 29

Accountants 22

Bankers 18

Business consultants 13

Customers 2

Others 3

Source: Coopers & Lybrand, "Trendsetter Barometer," New York City, December 1992.

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