The central theory to the board being a source of resources is that this is positively related to company performance. A review of the literature indicates that there is support for the premise that directors by bringing ‘resources’ to the board are able to positively impact various aspects of the firms performance, be it through advice, decision-making, goodwill, connectivity/relationships with the external world and in different circumstances. As early as 1997 Corner and Kinicki show the importance of experience as it increases knowledge and leads to improved performance. He and Mahoney (2006) find a board’s ability is positively related to firm’s performance. Maharaj (2009) Corporate governance decision-making model: How to nominate skilled board members, by addressing the formal and informal systems report the importance of choosing directors with knowledge and skills