We use contemporary tools to determine the right mix of skills, experiences, and attributes. Then we effectively vet a small number of highly-qualified and talented directors. Then, we onboard that director so that he or she is contributing at a faster pace than they would otherwise. With XCEO as your partner, this usually disruptive process will move quickly, smoothly and with the least inconvenience to the board.
Our board succession efforts differ from our competitors' traditional view of recruiting because we focus on:
Helping the board understand the skills and experiences that are currently represented by the board and identifying those additional skills and experiences the board would like to have. This process is supported by our thorough yet easy to use Board Skills, Experiences, and Attributes (BASE) Analysis. Launched by the Chairman or the Corporate Governance Chairman, this detailed analysis facilitates the board's ability to begin the process of understanding who it is looking for.
We will formally search for a candidate based on the board's interests. XCEO will consult with the board to devise a profile or profiles and will then contact and qualify individuals who are excellent candidates for the board.
Where traditional recruiters stop, we pick up the pace! Once directors, or directors, have been selected, we will work one-on-one with the new director(s) to implement a 12-month long process tailored to fit the unique situation of the board. A combination of structured mentoring by our skilled and experienced team, supported by our world-class teaching tools and feedback evaluations to understand and increase effectiveness, will allow that director to close the gap on his or her peers in a short amount of time.
In order to continue to improve and add value to shareholders, our partnership also includes 12-months of access to our comprehensive set of Board, CEO, Committee, Individual and Peer-to-Peer evaluations as part of our Integrated Board Leadership Process. Private, easy to use and yet critical to board performance, we will develop a strategy with the board to efficiently launch exercises to help the board be more cohesive, enhance engagement and knowledge and ultimately increase shareholder value.