In the wake of the COVID-19 pandemic and social and cultural issues like the Black Lives Matter Movement, the business landscape has changed drastically from what it used to be. There are new mountains to scale and valleys to cross, and businesses now require different qualities, characteristics, and skillsets from their C-suite executives.
The following five articles stand out as the most searched and read from the several articles our 5-star executive search firm published in 2021. The most widely read articles focused on key executive roles in companies, promoting diversity and inclusion, and critical roles in private equity companies.
See below for our top five articles and a summary of each.
A COO is responsible for the day-to-day running of your company. In this article, we explain the role of the COO in detail, outlining the different hats the candidate may have to wear depending on your business’s needs. We also list general metrics that you can use to appraise your COO’s performance. Note that there are different COO performance metrics you can use to judge your COO’s effectiveness, and the ones you use will depend on your company or the industry in which you are operating.
Nonetheless, there are general metrics that deal with operations that you can use to judge your COO’s effectiveness. They are:
We also explain how you can set and evaluate the metrics. It is crucial that you inform your COO beforehand on the specific performance metrics you would be using to judge their effectiveness. After s(he) agrees, you may set a schedule for evaluation, such as a quarterly evaluation followed by a yearly one.
However, we didn’t stop here. We also explain what you can do if you are a startup looking for a COO to help with your company’s operations. We discuss when you should start thinking about hiring a COO, their roles, and whether you should hire from the inside or recruit from the outside.
Please click here for more insights into hiring a COO and evaluating their performance.
The best team is composed of more than people who fit well together. Instead, it comprises diverse individuals who bring their unique experiences, backgrounds, and perspectives into the team.
Unfortunately, it is pretty hard to build a diverse team of individuals due to unclear company values, unconscious biases, and poorly written jobs postings. However, Fortune 500 companies seem to have cracked the code for diversity recruiting, and they use the following strategies to do so.
For the full article, please click here.
With the global pandemic’s unprecedented impact on the business landscape in 2021, companies have uncovered a need to quickly pivot their business strategies and services to remain active and relevant. This restructuring has also impacted business leadership needs, as customers’ and employees’ demands have changed from what they used to be.
Thus, for a company to record growth and success in the post-pandemic era, the following 10 executive positions will be necessary.
Please click here for more details on these executive positions and what they bring to a company.
A 2017 survey by AlixPartners revealed that as many as 58 percent of private equity CEOs are replaced within the first two years of acquisition. A significant reason for this is that most CEOs hired or brought on during an acquisition do not meet the firm’s expectations.
Unfortunately, switching CEOs after two years does not augur well for a PE firm’s return on investment, seeing that most PE acquisitions are only held for five to seven years. Thus, it is crucial to bring on the right person who will help the company’s success and profitability, and that person should have the following qualities:
You can find the full details in the article here.
Having an understanding of legal and ethical guidelines can help a company’s employees avoid unnecessary mistakes that create legal issues for the business. A general counsel can help educate employees on legal compliance and also help with handling other responsibilities.
A general counsel’s role includes the following:
Private Equity portfolio companies will benefit significantly from having an in-house general counsel. Coordinating the company’s legal matters is a vital role that outside counsel may not manage properly. A private equity portfolio company should consider hiring a general counsel for the following reasons:
Please find more details on the benefits of hiring an in-house general counsel here.
Our hands-on executive recruiters have experience working with private, public, pre-IPO, and non-profit organizations. Clients are typically $50 million in revenue to Fortune 1000’s or have assets between $500 million to $15 billion. Successful placements span the entire C-Suite – CEO, Chief Operating Officer, Chief Financial Officer, and include vice president, general counsel, and other director-level leadership roles.
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