More than ever, industry firms expect their boards of directors to set strategies for the challenging times ahead and are revising what characteristics they want a potential director to possess, according to a new survey of industry governance trends. Respondents appear to be getting more adept at defining what they want in board candidates, says the survey, conducted by management consulting firm Oberman & Associates Inc., Irvine, Calif. It points out that 42% of respondents in architecture, engineering, construction and management firms want directors who are “strategic thinkers” and “forward-looking.” Candidates with strong financial skills were valued by 40% of
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.