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The Jacoby Consulting Group Blog

Welcome to the Jacoby Consulting Group blog.
You will immediately notice that this blog covers a wide range of themes - in fact, whatever takes my fancy or whatever I feel strongly about that is current or topical. Although themes may relate to business, corporate or organisational issues (i.e. the core talents of JCG), they also cover issues on which JCG also feels warranted to comment, such as social issues, my books, other peoples' books and so on. You need to know that comments are moderated - not to stifle disagreement - but rather to eliminate obnoxious or incendiary comments. If a reader wishes to pursue any specific theme in more detail, specifically in relation to corporate, business or organisational issues, or in relation to my books, then the reader is invited to send an off-line email with a request. A prompt response is promised. I hope you enjoy this blog - sometimes informed, sometimes amused and sometimes empassioned. Welcome and enjoy.
JJJ

05 March 2011


Board Succession

Few companies have the luxury or patience of "honing" skills in existing or prospective incumbents of the board - as logical as it is. If decisions are made in the new appointee's first meeting, that person is expected to make a robust decision or contribution from the getgo.

I am of the view that a corporate context determines needs required on the board where context has both current and future dimensions.
Some of the considerations may include:

1. The corporation's context (present and future) determines the skillsets required of the board.
  • C=P+F - Context equals present context plus future context
  • C=>SKn - Context determines skills needed
2. Total skillsets required of the board less those that exist (and will continue) will identify skills needed in an incumbent.

  •  SKi=SKn-SKp - Incumbent skills equals needed skills less present and continuing skills
2. An incumbent must:

  •  demonstrate the needed skills (SKi)
  • demonstrate an ability to work at board level (i.e. have a "Director" perspective rather than an "Executive" perspective) (SKb)
  • have a very high level of emotional intelligence (Ei)
  • have a mature ego (Em)
  • have personal objectives that are fulfilled with success in his/her board KPOs (rather than in conflict with them) (Op=Oc)
  • be able to identify what level of "training" and "guideship" he/she wants to better deliver their role (i.e. growth path) (GP)
Therefore the suitable incument = SKi+SKb+Ei+Em+[Op=Oc]+GP



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