The Aging Boardroom and Seat Vacancy Dilemma:

There are more than 60,000 publicly traded companies in the United States that are required by law to have a board of directors. In the Fortune 1,000 alone, there are more than 1,100 directors currently serving that are over 70 years old, according to GMI Research, the leading independent provider of global corporate governance, ESG and accounting risk ratings and research. The number of vacancies for the nearly 1.6 million non-profit organizations in the United States is exponentially larger, with more than 1.8 million of these seats turning over each year. These dramatic numbers do not include the hundreds of thousands of private companies that could benefit from building a board of directors or an advisory board, recruiting valuable members, or applying best practices to improve board performance.

?As more business conversations take place online, social networks are still void of opportunities for boards and prospects to interact,? said Mike Verrochi, managing partner at Blue Rock Ventures LLC. ?BoardProspects changes all of that and circumvents the conventional notion that board positions are filled solely through ?who do you know? conversations by empowering prospects and boards with the tools to connect and recruit. My personal participation in their seed funding supports my belief that BoardProspects is solving a huge problem plaguing not only corporate America, but also non-profit organizations, both of which continue to apply centuries old practices when building and running their boards. Technology is transforming this important area and leveling the playing field for women, minorities, and younger professionals who can add real value, fresh perspectives, and who have clear interest in these opportunities ? BoardProspects provides the professional community to finally make this happen.?

BoardProspects will transform the way that boards and prospects connect, communicate, and serve. The site unites individuals seeking board positions with non-profits, private, and public companies seeking to fill board and advisory-level positions. BoardProspects will also provide educational resources and tools enhancing communication between boards and prospects to improve boardroom transparency, diversity, and service.

?BoardProspects will help solve the challenges of building, joining and running effective boards by providing an online community for boards and prospects to make connections, and by providing an unmatched level of expert content, best practices, and educational resources for both individuals and organizations,? said Mark Rogers, BoardProspects Founder and CEO. ?It is our intention to develop BoardProspects into the premier destination for boards and prospects to publicly and privately exchange their expertise, skills, and qualifications. With this round of funding, we now have the resources to accelerate product development and enhance the site?s functionality to make this vision a reality.?

Non-profit organizations, private and public companies interested in learning more should contact BoardProspects at betterboards@boardprospects.com.

About BoardProspects

Headquartered in Braintree, Mass., BoardProspects is the online professional community dedicated to building better boards. The Company connects individuals and organizations while providing educational resources and tools to improve boardroom service. For additional information please visit www.boardprospects.com and pre-register today.