Viewed in Egon Zehnder In today’s volatile business environment, investing in senior sales leaders is crucial for organizational success. As described by the authors, senior sales leaders face unprecedented challenges such as shifting customer behaviors, inflation, talent shortages, and accelerated digitization. Evolving Sales Leadership These leaders must evolve from merely managing sales to becoming holistic… More
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AI reshapes corporate boards
Viewed in Axios AI is reshaping corporate boards, with many companies appointing AI bots as observers and integrating technology into their board strategy. This shift reflects a growing focus on AI among large corporations, evident in repeated mentions during 2024 earnings calls. However, despite this emphasis, most boards lack the expertise to effectively guide AI… More
Read more...The hidden value of HR on corporate boards
Viewed in Heidrick & Struggles The significance of HR expertise on corporate boards cannot be overstated, especially during times of significant organizational change or growth. Companies undergoing transformations, such as IPOs, acquisitions, or large-scale changes, greatly benefit from having individuals with HR experience on the board. Similarly, start-ups and rapidly expanding companies find valuable insights… More
Read more...Rethinking board motivation
Viewed in Egon Zehnder The article unveil the evolving landscape and challenges facing board directors today, emphasizing changes in their motivations, roles, and compensation. The authors highlight several key findings: Motivation Board directors are increasingly motivated by the desire to make a real impact on the boards they serve, shifting their focus from monetary rewards… More
Read more...The skills and experience boards need today (and tomorrow)
Viewed in Spencer Stuart The Spencer Stuart “Nominating/Governance Chair Survey” presents insights into the perspectives of nominating and governance committee chairs from S&P 500 and MidCap 400 companies. Conducted in the first quarter of 2023, the survey delves into the evolving priorities and practices shaping board composition and effectiveness. Key findings include: 1. Board Composition… More
Read more...Five ways to maximize your board’s impact
Viewed in McKinsey The McKinsey article provides valuable insights on how boards of directors can enhance their effectiveness and create a lasting positive impact on the organizations they govern. Often, boards are preoccupied with short-term performance, but to create sustainable value, they must focus on the organization’s long-term health and resilience. To increase their long-term… More
Read more...The imperfect CEO
Viewed in Russell Reynolds Justus O’Brien and Dean Stamoulis, Managing Directors at Russell Reynolds Associates, advocate for leaders to embrace their imperfections and vulnerabilities in order to lead with greater effectiveness. Complexities and uncertainties The traditional ideal of a flawless CEO fails to acknowledge the complexities and uncertainties of leadership in today’s rapidly changing world…. More
Read more...The Path to the Boardroom
Viewed in EgonZehnder Global management consulting and executive search firm EgonZehnder works with over 600 corporate boards annually. In this article, the firm draws on this extensive experience with corporate boards to answer the question: How precisely does one go about becoming a director on a corporate board? Niche The answer, EgonZehnder contends, is not… More
Read more...When Performance Declines: The Case for Acting Fast on CEO Intervention
Viewed in Spencer Stuart Global executive search firm Spencer Stuart’s expertise in executive and board searches is pretty much beyond reproach. Since its 1956 founding, it has grown to 57 offices in 30 countries and handled executive and board searches for some of global business’s most iconic brands (and even the U.S. government). Now in… More
Read more...A playbook for newly minted private equity portfolio-company CEOs
Viewed in McKinsey & Company The role of a chief executive officer in the 21st century is a challenging one. Looking for something even more challenging? That likely would be serving as a CEO for a private equity-owned portfolio company. More private equity-owned companies With private equity’s growing prevalence in corporate ownership, it is a… More
Read more...U.S. Spencer Stuart Board Index 2021 Highlights
Viewed in Spencer Stuart Chicago-based global executive search firm giant Spencer Stuart needs little introduction. An iconic executive search firm Iconic in the executive search and leadership consulting spaces, the firm took in over $450 million in revenue in 2019 and operates over 50 offices in some 30 countries. They also famously have recruited and… More
Read more...Rethinking the board’s role in strategy, risk and culture
Viewed in Russell Reynolds Associates There seems a singular common denominator running through most business analysis and commentary these days: Business is changing rapidly and hugely, and it will never again be the same. For the most part, it is the global pandemic, which now has taken over four million lives, that is cited as… More
Read more...Boards around the world
Viewed on Spencer Stuart. Spencer Stuart, the executive search giant, does a lot more than just executive search these days. The firm increasingly is an exceptional source for research, studies, and content on the direction of global business, including issues that impact the recruiting profession. In this study, Spencer Stuart looks at various statistics on… More
Read more...Building better boards: Taking the long view of director succession
Viewed in RussellReynolds.com. A company is ultimately only as good as the people who comprise it, and a company’s management similarly is only as good as the individuals who comprise its board of directors. But what processes actually exist for selecting a board director? Too often, Russell Reynolds senior member Anthony Goodman writes, its comes… More
Read more...Women exceed 25% of board seats on S&P 500 for the first time
Viewed in Bloomberg. Publicly-traded companies have been making a conscientious effort of late to diversify their corporate boards, and one primary objective has been expanding the number of women on them. But how much progress has actually been made? Spencer Stuart, one of the world’s largest and most prominent executive recruitment firms, has completed an… More
Read more...Seven steps to a more strategic board: What CEOs need to know
Viewed in Deloitte Insights. How much do we really know about what makes a successful corporate board of directors? To be sure, we could stand to know more. In an effort to add to this knowledge base, Deloitte initiated 50 conversations with Fortune 1000 CEOs about their perspective on corporate boards. A few themes emerged:… More
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