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With the emergence of new quality standards for advisory, supervisory and executive boards, Corporate Governance is changing. The selection of suitable board candidates requires a great deal of sensitivity and professionalism.
Our consultation services range from executive search for Executive and Non-Executive Board members, supporting self-evaluations, expert benchmarking reports for C-Level, supervisory board and advisory board compensation to the design of compensation systems for the various stages of a career.
Compensation tools such as our online compensation database, the Board Remuneration Analyzer – a tool for assessing board compensation – or the compensation portal for querying market data and board research studies, offer your organization additional benefits.
Designing a new board requires a thorough approach to identify all necessary requirements and competencies. It is essential to ensure that these are fully represented within the profiles of the appointed board members.
Boards for scale-ups versus joint ventures exhibit distinct dynamics due to their different compositions and objectives.
A scale-up board faces unique challenges such as risk and reputation management. It's crucial for these board members to grasp the nuances of scale-up operations, including their financial cycles, the necessity for rapid development and agility, prioritization of growth over immediate profitability (EBIT), potential changes in leadership or founding members, technological advancements, and adoption of new business methods.
Similarly, it is important for scale-up board members to recognize that guidance, mentorship, industry-specific knowledge, and networking opportunities are often desired to navigate their rapid growth and evolving market conditions.
Owners of medium-sized (family-owned) companies have significant flexibility in setting up their advisory boards. To effectively address long-term entrepreneurial challenges and meet the unique needs of shareholders and family structures, it is crucial to make tailored appointments that respect the company's history and culture.