Board Member Search
The relationship between a board of directors and the executive leadership teams within a company has never been more critical than it is today. Directors must maintain a constant awareness that they are involved in a non-stop moral deliberation that seeks the right balance between what management wants to do and what protects shareholder value.
“Directors must have the savvy and deep understanding of business operations on the one hand and an insightful vision of strategic competitiveness on the other, to direct and guide the management executives to execute in the markets, grow the business, and innovate ahead of the competition.”
Larry Elliott, Senior Vice President, Selker Leadership,
Directors must have the savvy and deep understanding of business operations on the one hand and an insightful vision of strategic competitiveness on the other, to direct and guide the management executives to execute in the markets, grow the business, and innovate ahead of the competition. All of this work today takes place in the context of an unprecedented emphasis on compliance with a new body of legislation and a growing set of administrative rules and interpretations from the Securities and Exchange Commission. This is the era of accountability for directors and the push for transparency is here to stay. Given this new context for boards of directors in the 21st century it is clear that effective boards require the following:
Using the same tools and Performance Values Assessment™ methodology for an executive search, a Selker Leadership Consultant will conduct the process of client discovery to distinguish the missing skills and requirements needed to complete a board of directors, and most importantly, determine the board’s culture and values. This information will be used to construct a Search Template, determine a Search Strategy, craft the Position Profile and identify the characteristics and their comparative weight on the PV Framework. This will drive consistency across the evaluation process, form the basis for the Interview Questions and define the format of the PV Assessment and Reference Reports.
“When we began the search to bring on two new board directors, we thought we had a compensation plan on par with other pre-IPO company boards. However, it became clear that we needed to revamp our board compensation plan to reflect Motive’s future direction and not the status quo. Greg’s extensive knowledge of the competitive marketplace and ample documentation to back it up, helped us craft the optimal compensation plan. Not only did he get us the right people, but he was a true partner in addressing the critical issues to build a great board of directors."
Eric Jones, former Chairman of the Board, Motive, Inc.
Even if a board is structured to take advantage of different skill sets and experience, very few boards pay attention to issues of leadership, instead focusing almost exclusively on the delivery of business results. It is up to a board to hold the officers of a company accountable for financial results and the culture within a company.
A Selker Leadership Board Search delivers exceptional individuals who bring the requisite skills and experience to the boardroom while assisting a CEO and Board Chair in driving a leadership agenda within a company. The results we produce helps the board achieve the balance of talent and thinking that boards require to perform at the exceptional levels of governance that assure compliance as well as competitiveness in the markets.