ISS recommends that no director sit on more than five public boards, lowered from six back in February. The WSJ writes (firewall), "Major institutional investors, governance advisers and boards themselves are cracking down on so-called overboarding, trying to ensure that directors don’t spread themselves too thin. Overstretched directors lack time to adequately monitor management, these critics contend." This is so typical of regulators. So, no more than five public boards, huh? Well, what if one of us sits on, say, five public boards and like 205 private boards and doesn't have time for a Board call. Does that count as "overboarding." Fortunately, this sort of problem NEVER happens in the restructuring world. Btw, we have a bridge for sale. Interested?