Board and CEO Support

Luminary Search offers a range of services designed to facilitate a strong and functional Board/Chief Executive relationship.

The scenarios that could create stress in this relationship include: organisational evolution outstripping the incumbent Chief Executive's capability; a divergence in values and/or temperament within the Board and/or between the Board and the Chief Executive; governance issues or the Board running the business, or circumscribing the autonomy of a high-calibre Chief Executive; unsophisticated sourcing and selection practices delivering major Chief Executive recruitment errors; weak organisation and/or the inability of the Chief Executive to execute the business strategy.

An effective Board/chief executive framework requires the following key elements:

  • Established boundaries for strategic decisions
  • Ensure the Board/Chief Executive agree on strategic direction
  • Ensure the Chief Executive is a strategic fit with the organisation
  • Ensure there is a clearly defined definition of Board and Chief Executive roles and expectations
  • A clearly developed Chief Executive role description with defined performance standards
  • Ensure an appropriate contract of employment supports Board/ Chief Executive relationship
  • Engage with the Chief Executive and agree with the Chief Executive an appropriate performance-appraisal process
  • Agree with the Chief Executive an appropriate performance-appraisal process
  • Also agree with the Chief Executive a regular development plan
  • Devise a mechanism to encourage frank and constructive Board/Chief Executive dialogue
  • Provide sufficient resources (dollars, time, expertise) to engage with Chief Executive
  • Develop a Chief Executive remuneration system that is aligned with organisational strategy
  • Ensure Board systems and processes support an effective Board/ Chief Executive relationship
  • Review and redefine the Chief Executive's role on a regular basis
  • Undertake the regular Chief Executive performance appraisal and remuneration review
  • Continually refine a view concerning the ongoing suitability of the Chief Executive
  • Ensure appropriate short-term and long-term succession plans are in place
  • Attention to each of these elements will ensure the Board's and Chief Executive's expectations are mutually understood, clearly articulated and measured to deliver a quality outcome when engaging a Chief Executive

Luminary Search can work with you to ensure you have the most appropriate framework in place

"Your process brought forward many good candidates. The one appointed came through rather later than the others, and appeared to be due to you keeping your mind and eyes open to possible candidates."
The Chair, New Zealand Private Company

Luminary Search is a global executive search

and selection practice specialising in delivering business critical executive and boardroom appointments across a broad range of industry sectors and geographies. Central to Luminary's philosophy is a commitment to delivery of the best possible outcome.

and selection practice specialising in delivering business critical executive and boardroom appointments across a broad range of industry sectors and geographies. Central to Luminary's philosophy is a commitment to delivery of the best possible outcome.

"Your process brought forward many good candidates. The one appointed came through rather later than the others, and appeared to be due to you keeping your mind and eyes open to possible candidates."

The Chair, New Zealand Private Company