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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