In a bold move, on September 30, 2018, the California legislature enacted legislation that mandates Boards of any company based in the state to include a minimum of at least 1 woman. (see Wall Street Journal – “California Becomes First State to Mandate Female Board Directors“)
While it’s difficult to predict the success of this legislation, we can confidently predict that your leadership team’s authentic commitment to increasing diversity will always create a more powerful outcome than simply complying with a law. Given this, how can you find the best candidates for increasing the diversity of your top leadership?
From our perspective as advisors to Boards and top leadership teams, we’ve seen that the challenge of finding the right match is like looking for a needle in a haystack. The candidate must not only have the right combination of leadership experiences, knowledge, and skills; she must also be able to fit with the culture.
The clearer you are about the role(s) this person will have on the Board or C-Suite, and the important cultural aspects of your organization, the easier it is to put together reasonable search criteria that will enable you to find the most qualified candidates and make your decision.
That being said, in such high stakes situations, many companies hire retained executive search firms to help them find the best and brightest talent. However, there are a lot of misunderstandings and myths about these firms.
To find out what really goes on behind the curtain of an award-winning executive search firm, we had a conversation with Jane S. Howze, Managing Director and Founder of The Alexander Group, ranked by Forbes among the top 30 executive search firms in America. Find out what she told us by downloading and listening on the go to Growth Igniters® Radio Episode 148: How to Hire The Right Executive Search Firm For Your Company