The
Art of Directorship
Companies across Europe are under
increasing pressure to improve their board performance and corporate
governance standards. Within this sphere, the role of the independent
director is perceived as central.
Boards, however, face challenges
in finding excellent international candidates for this role. The
board’s
composition and competencies frequently need to align better with
the company’s strategy and international activities. As the independent director role
becomes more challenging and time-consuming, the competition for
competent and well-prepared individuals increases. At the same
time, the investment community and analysts are paying more attention
to companies’ board appointments.
There is thus a vital need to increase the number and quality of
independent directors in Europe’s boardrooms.
In view of this situation, CMi has been working since
2004 with international blue-chip companies to identify outstanding
executives, who can form the new generation of independent directors.
CMi adds value to these exceptional executives through a proprietary
mentoring process based on access to world-class board practitioners
and subsequently provides them with appropriate board appointment opportunities. Upon
appointment, the executive continues to interact with CMi’s
board mentors, thus ensuring effective contributions right from the
beginning.
CMi’s client executives are selected to provide fresh talent
and diversity to European boardrooms and they themselves profit
in their professional development and experience.
The executive, the employer and the board on which
he or she serves will all benefit.
CMi also provides individualised
programmes with its board mentors to designated or newly appointed CEOs, CFOs and board directors to enable them to assume their
new and challenging roles most effectively.
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