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A wave of bankruptcies looms in the US natural-resources sector. For the unfortunate companies that succumb, restructuring begins with a new slate of directors. The most successful of these will embody seven characteristics.

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Heidrick & Struggles’ research highlights the three skills that belong in any megaproject director’s toolkit and suggests ways that companies can instill them.

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VC-backed companies need a board optimally composed, structured and incented for each stage of a fast-moving development cycle. There are unique challenges that have to be met.

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