The selection and appointment of a CEO is one of the most important responsibilities of a Board of Directors. We have helped many board search committees with assessments of potential internal successors, confidential external reviews of the market regarding potentially available talent, and when desired, the active recruitment of an external candidate. A thoughtful plan and strong leadership of a proven process are critical to ensure a good result and to handle the surprises that can occur midstream.
The process was so strong and thorough that we even survived having the Chair of our search committee throw their hat in the ring.
– Chairman, US headquartered insurance company