Published in the Director Advisory on Directorship.com
By Nels Olson
When it comes to recruiting world-class CEOs—who can make all the difference in the success of an enterprise—some things have not changed. Always in demand, this select group is more coveted than ever as companies seek the edge in a challenging economy. While the pool of individuals with the skills and experience to lead these companies remains small, the supply never keeps pace with the demand.
What has changed, dramatically, is the steady spotlight on compensation. In the current environment, companies are subjected to intense scrutiny: by regulators, by the press and of course, by shareholder groups, who will increasingly have input on issues once the business of the board only. Nonetheless, companies must still vie for the best CEOs.