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

"Thoroughness, you never left a matter to chance, every feature was considered and acted on. I was very impressed with your promptness, no party was left wondering. I don't think I have met a recruitment person with your attention to all matters in the process"
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.

"Thoroughness, you never left a matter to chance, every feature was considered and acted on. I was very impressed with your promptness, no party was left wondering. I don't think I have met a recruitment person with your attention to all matters in the process"

The Chair, New Zealand Private Company