News & Views
Boardroom Navigator launches
Boardroom executives need to acquire greater skills if they are to manage a business through today's and tomorrow's challenges, according to the launch edition of the Boardroom Navigator 2023 report from Robert Half (www.roberthalf.co.uk).
Based on a survey of 400 members of executive leadership teams and boards of directors, as well as 50 private equity investors from Belgium, France, Germany, and the UK, findings from Robert Half’s Boardroom Navigator 2023 show that with volatile market demands and an ever-complex economic landscape executive leaders must equip themselves with the right skills to ensure long-term, sustainable success for their business, workforce, and clients.
According to the research 64% of private equity investors responsible for, or involved in, hiring decisions at senior executive level of their portfolio companies, say that they are planning to make leadership changes in their portfolio businesses. To ensure the leadership team has the capabilities to navigate the current and future economic climate, they want candidates that have the experience and can deal with challenges such as supply chain disruption, steer businesses through high inflation and address ongoing regulation and compliance issues.
“The world has changed for executive leaders and investors. As businesses attempt to recover from pandemic-induced challenges, boards and executive leaders are dealing more and more with multiple crises at one point,” comments DeLynn Senna, President and Global Head of Executive Research, Robert Half. “At the same time, it shows that recruitment of executive leaders is organizations’ biggest challenge, followed by uncertainty about the economic future and business growth. Boards are concerned about change management, investors about financial management, but both cite succession planning as a top-five challenge.”
The full Boardroom Navigator 2023 can be found at www.roberthalf.co.uk/boardroom-navigator