Selecting the right people for corporate boards is a major challenge. It is not only the quality that is to be tested but also whether the candidate is the right fit for the organization within the circumstances. Some steps have been identified to ease this process. First of all, boards must proactively ensure gender quotas are met. This is because there is ample evidence to suggest that gender diversity brings positive results for the innovation and creativity levels within boards. The role of the board chair needs to be broadened beyond merely a facilitating one. Recruitment at the executive level alone does not qualify as onboarding. Due management training needs to be provided to the selected candidates so that they can understand their roles, and embrace the tasks.

Source:https://sloanreview.mit.edu/article/game-changing-strategies-for-corporate-boards/

Uploaded Date:08 November 2018