HEADHUNTING FOR BOARDS - ALSO CALLED BOARD DEVELOPMENT (- AND NOT DISASSEMBLY)

Headhunting for boards

At ESBEES, we often find that customers choose a free round of board supplementation from a specific one

board grouping – none mentioned none forgotten.

We also see that the companies do not get the right sparring and board composition when you choose board members from one particular grouping. It is initially cheap but can be an expensive solution in the long run.

You simply leave out the best board members in favor of the cheapest – and as you know, frugality is not always right and cheapest.

Normally, a board is the management’s watchdog and ensures development. The board is the management’s sparring partner, and as a board is enshrined in law, the tasks from the chairman of the board to the board member are known. You run the company together with the management

If nothing else, the chairman of the board must develop the board’s annual plan and ensure strategy, action plans, budgets, and ongoing reporting. Furthermore, it is a big task to look ahead and have the tools necessary to run a business.

Important tools today are BI (Business Intelligence) – that is, data that describes what has happened and which forms the basis for future decisions. The data basis must be to run the company, and it is also the board of directors as the control body that must ensure that the basis for the company is in order and secured.

Risk management in the broadest sense is an important part of the board’s work, and cannot and must not be neglected.

It is an ongoing task for the company’s board and especially the chairman of the board to secure the company against all risks, be it cyber-attacks, illness critical to the management of the company, human supply chain, liquidity, technological development, etc.

Competences in focus

When we hunt for your company’s board, it takes place impartially from groupings and diversity. We find the person or persons with the right skills, who are right for YOUR board at precisely a given time, and who can lift your company to the next level. According to ESBEES, this provides the best candidate field.

The board must have time for board work in your company. We often find that board members and representatives say YES, but don’t have time.

It damages your business and is inconsistent with proper board work. Many good boards can often be developed and improved.

The board must work on the board – not sit on it.