Does your board of directors have a consistent idea of what it wants from a new hire? If not, it may not have the clearest idea of who should be considered for a given position. An executive recruitment firm can help.
Kenneth Freeman, a business professor from Boston University, tackled this important aspect of the process of preparation. While he identifies the "leadership character" of an individual as the most critical element, he offers a series of other questions that executives might want to ask themselves.
"Is the strategic direction clear and compelling? Is the company successfully executing its plans?," he says. "Is a transformation or turnaround needed? Does the culture need adjustment?"
The involvement of the Board throughout the hiring process can be important not just to familiarize the candidate with the proper procedure, but also to maintain the kind of leadership that could positively impact the incoming candidate.
In a study entitled "How Well Do Corporate Directors Know Senior Management?," researchers from Stanford noted that only 55 percent of the directors polled claim to be intimately familiar with their executives. However, nearly 90 percent reported interacting with management during presentations and meetings throughout the average year, which might represent a need to grow these existing opportunities into stronger relationships.
The use of a professional management recruitment firm can help to align the expectations of a board of directors with those of a job seeker. If your company's board is not used to taking charge of this search, YES Partners can aid in outlining what needs to be done.
Finding people is easy, but finding the RIGHT people is not. YES Partners helps companies FIND the right people – for all company functions, across many industries and globally.
