Agendaweek.com: Nominating and governance committees are delving deeper into large public companies to recruit both active and retired executives who have led divisions or served as functional leaders, rather than focusing solely on finding CEOs.
Search experts say that these directors, while not hitting the active or retired CEO bull’s eye, bring expertise in areas that boards are particularly concerned about such as IT or HR experience, or global expertise. At the same time, these directors are up and comers at their companies who could potentially become CEOs, and they’re often women or minorities.
Caldwell’s Bethany George comments on one of the potential challenges in doing this.
