Three boards should be the maximum, agreed Zabihollah Rezaee, a University of Memphis accounting professor who has authored books about corporate governance. "Board members are representing shareholders, and they are responsible to shareholders for financial integrity," said Rezaee. "Best practices" dictate a small number, he said, "because of the amount of time it requires to be effective." Bush served on the boards or as an adviser to 11 companies or nonprofits at a time each year from 2010 to 2013, The Associated Press found. Those ties were in addition to his own businesses, such as Jeb Bush & Associates, and the educational foundations he created. Reporters use their mobile phones to record potential 2016 Republican presidential candidate and former Florida Governor Jeb Bush as he answers questions after speaking at a business roundtable in Portsmouth, New Hampshire May 20, 2015. REUTERS/Brian Snyder In 2010 Bush served on the board of directors of eight different entities, as adviser to a ninth company and advisory board member for two others. In 2013, he served on six boards, as an adviser to another company and on the advisory board of four more entities. "Gov. Bush has always conducted his business with the highest integrity and performance, just as he did when he served as Florida's chief executive for eight successful years," Bush spokeswoman Kristy Campbell said in a statement. She noted that not all the corporate entities were the same some were board slots, some advisory positions and others nonprofits and suggested it was unfair to put all in the same basket. AP's review found that Bush served on the board of directors of as many as seven for-profit companies at a time, well more than experts suggest while at the same time serving as an adviser to other companies and nonprofits.
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