It was interesting to read about KPMG’S important new process of adding outside directors to their board (“Building trust by adding outside directors at KPMG,” June, page 17). It reminded me of an article I wrote in the Journal of Accountancy ... in 1998. As a result of the article, I was invited to become what I believe was the first “outside director” for a CPA firm. The firm, Godick & Co., in Philadelphia, had read my article and decided to add two outside directors to their board.
I subscribe to Ms. Doughtie’s observation, “We craft the smartest ideas and deliver the most effective solutions when we step outside our comfort zone and beyond what is familiar.” We found that experience when we introduced outside directors to the Godick firm. ... Outside directors do bring an extra measure of independence and provide a broader range of constructive business viewpoints and objectivity to the firm. ...
The 21st century calls for an acceleration of change in professional firms to meet the change from the linear world of the 20th century to the exponential challenge of the 21st century.
Charles B. Larson St. Joseph, Missouri