This Fortune 50 company sought to strengthen its overall Board performance. Korn/Ferry conducted a review of competence gaps of the current Board and recommended specific competencies to look for when recruiting new Board members. Our consultants delivered key developmental feedback to existing members to help strengthen their individual performance and impact. In addition, we recommended changes to key operating and governance procedures to improve Board/management team dynamic. This review resulted in targeted Board member recruitment as part of planned and ongoing strategic Board renewal, chairman coaching of remaining Board members, and specific compact developed with CEO and management team to change operating dynamic and improve Board engagement with company issues.

This FTSE 150 company requested a thorough review of the Board, focusing on the role of the Chairman, overall competence of the Board, and the Board’s interaction with management. Korn/Ferry’s review resulted in ongoing coaching of the first-time Chairman, recruitment of one new Board member, and proactive focus on improving the Board’s understanding of strategic business issues.

This insurance company with a $24B investment portfolio asked Korn/Ferry to conduct a peer review of their Board. Our findings enabled the Board to engage in difficult conversations around the strategic direction of the company. More importantly, individual feedback opened up conversations on who was best positioned to remain on the Board and who should consider stepping down due to the shift in strategic direction.