Board membership needs to evolve and be refreshed to best serve the business.
The most successful organisations Compass Carter Osborne work with are likely to be considering the balance of skills, expertise and experience offered across the Board some time ahead of when the executive management need to prepare for major strategic challenges: such as international growth, M&A, or major inflexion points such as transitioning from clinical development to market entry in the life sciences sector.
Another aspect of Board evolution involves a transition from investor appointed representatives to fully independent Non-Executive Directors with relevant expertise for specific business needs. Our understanding of governance good practice informs our conversations with Chair and NED candidates, a key component of the Higgs Report. Consultants continuously monitor levels of interest and experience among NEDs who can chair or participate in audit, remuneration and nomination committees.
The CCO team continuously engage with, and maintain relationships across our networks of experienced Chairs and Non-Executive Directors. The best talent is always in demand, and availability and other board commitments can be determining factors in the building of viable shortlists.
Governance
Skillset specific
Some of our recent Independent Non-Executive Director appointments
Compass Carter Osborne undertook a thorough research process. In addition to our established network, we worked to identify board members of all NHS mental health trusts, and Local Authorities for healthcare and adult care respectively.
During a competitive pitch process, CCO was able to consistently demonstrate its in-depth sector knowledge and network and its successful track record of delivery with NED and CFO appointments across the investor space.
Uniquely differentiated by operating in a group of companies dedicated to investor backed healthcare and life sciences sectors, trusting CCO with a search means you get more than just the advisory services offering.
The knowledge-sharing, grass-roots insights, and talent identification through our contingent sister brands provides a broad picture of the sector landscape where insights of this level are rarely matched by other providers. Access to the group’s premium contingent brands presents the opportunity for a single point of contact responsible for all aspects of an organisation’s hiring and retention needs.
Learn more about how the group can add value through our sister brands.
As the dedicated executive search and advisory services offering in the Compass house of brands, learn all about how our additional brands makes us your natural choice for all recruitment needs.
