When it comes to the selection of non-executives don’t be dazzled by shiny baubles: a highly sought-after NED may not be the most reliable choice.
With more and more emphasis on the importance of diversity in board composition we hardly need reminding how hard it can be to assemble the right team. All have to pull their weight and make a contribution, so in the selection of non-executives every individual counts.
“Peter is an excellent candidate with a lot of current board experience. He would add a lot to the board,” was the pitch I received in a call from the headhunter. “He is bright, well connected and you would do well to land him.”
Peter certainly was all those things and seemed to like what he saw when he met the rest of the board. The directors resolved to offer hi
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