Whether you have an existing board vacancy or need to build a board from scratch, HMC has extensive experience in the search for Directors from a wide variety of industry backgrounds and functional capabilities. We can also help analyse your current board membership in terms of skills, knowledge and ability to determine the required profile of your next board member.
In an ever changing and increasingly competitive market, good corporate governance and strategy will become more vital, and the appointment of directors and the composition of boards is critical. The issues facing boards of directors are much broader than just the legal and financial implications of running a company.
Boards now wrestle with many corporate issues, including employee relations, public relations, shareholder unrest, environmental issues, workplace, health and safety, and corporate social responsibility.
These issues often do not have easy answers and will be subject to matters of opinion which means a range of views and solutions can be extremely valuable. The broader the range of views expressed in the boardroom, the more likely the ultimate decisions made will be in the best long-term corporate interests.
In today’s corporate world, the qualities of a Director should be:
- An enquiring mind
- Ability to work with others
- Broad experience
The overall effectiveness of the board will depend upon the collective strength of its membership and not just the individual qualities. It is invaluable for a Chief Executive and senior executives to have a central core of experienced business executives on the board with whom they may consult as necessary. It is also important to have a mix of backgrounds to achieve the balance and breadth of experience required, and so we should also look for suitable candidates from the professionals, consultancies, the academic world, and public life as well.