In this article, we’ll discuss a couple of the essential considerations for boards presented with this challenge, outside of the normal remit of leadership skills and previous experience.
for a former CEO to provide insight into what a successful appointment should look like andoffer advice on interviewing and vetting candidates. The reality is, however, that whoever bears this responsibility will be under extreme pressure to navigate the process well and make the right choice; from both shareholders, employees, and clients.
Discuss and agree criteria to choose the CEO
therefore selecting criteria such as leadership skillset/experience should not take
precedence overcultural fitment.
if the board deems the current corporate culture to be a healthy one. The ability to own a company’s vision is vital to the role too. In this scenario, it may be beneficial to consider internal candidates that understand the culture and mesh well, while demonstrating the capacity to be able to lead the organization into the future by building on its existing foundations.
While it’s not impossible, many s are ambitious in their sights and most often in search of new and bigger challenges. It is therefore critical to remember that the person ultimately chosen for the top job may not tick every box in the ideal selection criteria.