Over half (63%) expect to stay in their current board position for two
to five years.
41% of board directors are concerned with finding new opportunities.
NEW YORK--(BUSINESS WIRE)--
BlueSteps Board Director Career Report, just released by the
Association of Executive Search Consultants (AESC), highlights numerous
changes in the business environment that have not only impacted the
board of directors, but have also made it more difficult for search
committees to build a board with the right skills. Now, more than ever,
board directors are concerned with the impact of external economic
factors and regulatory compliance on their organization, as those
factors ranked second and third respectively behind shareholder
interests as board directors’ top business concerns.
The survey was conducted in May 2014 and received 107 responses from
board directors in financial services, manufacturing/industrial,
technology/telecoms, not for profit and other sectors worldwide.
Additional findings of the report include:
Peter Felix, AESC & BlueSteps President, commented: “Boards can no
longer rely on the old boys network or ‘friends of the chair’ to fill
what have become critically important positions. As the role of the
board director comes under increasing scrutiny and the prudential
burdens upon directors grow, it is incumbent upon chairs of boards and
chairs of the nominating committees to be fully knowledgeable about the
competencies, behaviors and motivations of their board members. The
board must reflect the challenges of the environment and the skills
required to address them.”
Following the study, BlueSteps will offer a webinar for both current and
aspiring board directors on June 18, 2014 entitled Top
Tips for Gaining Your Board Seat. This webinar will provide a chance
for executives to hear from a panel of senior executive search
consultants from top executive search firms who specialize in board
searches. To learn more, please visit: https://www.bluesteps.com/products/board.aspx.
A full copy of the 2014 BlueSteps Board Director Career Report is
available for download at https://www.bluesteps.com/Products/2014-BlueSteps-Board-Director-Career-Report.aspx
is an online career management service for senior executives. As an
exclusive service of the Association of Executive Search Consultants (AESC),
BlueSteps enables senior executives to be visible to more than 8,000
AESC member executive search professionals who use BlueSteps to locate
candidates. BlueSteps also offers a full suite of career management
tools and resources specifically for senior-level executives. For more
information, please visit www.bluesteps.com.
About the Association of Executive Search Consultants
The Association of Executive Search Consultants (AESC) is the worldwide
professional association for the retained executive search and
leadership consulting industry. The AESC promotes the highest
professional standards in retained executive search and leadership
consulting. For information, please visit www.aesc.org.
For the AESC’s free service for talent acquisition professionals, visit www.ExecutiveSearchConnect.com.
Joe Chappell, + 1 212-398-9556 ext. 236
Source: Association of Executive Search Consultants