There is a stark mismatch between the skill sets on boards and the challenges organisations face says the Harvey Nash Board Survey 2014/15
- There is a stark mismatch between the skill sets on boards and the challenges organisations face – Over half of the companies asked thought digital, talent management and corporate reputation / brand were increasingly becoming issues, less than one in ten board members come from a background where they would have these expertise. Board diversity doesn’t just come in the form of different genders or ethnicity but in experience too.
- Many new non-executives are ill-prepared for the role – Three in ten new board members were not prepared for the fact that they were not able to offer the expert advice they thought, and over a third did not anticipate the amount of time there were expected to give and how the Board worked.
- The influence of the old boys’ network may be fading – Two thirds of respondents went through a formal recruitment process and were unknown to the organisation. However, 79 per cent of the women that responded went through a formal recruitment process compared to just 57 per cent of men, so there is still work to be done.
- Chairs are relatively dissatisfied with the talent on offer – Only one in five Chairs were ‘very satisfied’ with the pool of talent offered to them and a further six in ten were ‘moderately’ satisfied, but they may just be using the wrong criteria. Some basic assessment of candidates’ expertise and therefore suitability is not assessed fully by all parties involved.
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