LastPass, a $200M fast-growing security company privately backed by Francisco Partners as the global leader in zero-knowledge password management, recently built its executive leadership team through the guidance of new CEO, Karim Toubba.
Board Effectiveness Begins With Director Selection
Steve Mader and Shawn Oglesbee are partners in the Board Services practice at executive search firm ON Partners. In this article published in the Board Leadership Journal, they discuss some of the
challenges and nuances of recruiting new board members.
While boards continue to invest more time in the effectiveness of the body, a positive development to be sure, often one of the best investments they can make is paying more thoughtful attention to the selection process for new appointments. The average director serves more than a decade, and boards have a natural resistance to identifying and addressing personal under-performance. In a peer group with shared responsibilities, working around pockets of mediocrity can seem more efficient than trying to confront it.
The ultimate answer is more sure-footedness in recruiting and selection, but that can be tricky. A board is a collection of established leaders based on tangible experience and apparent achievement. But we know leadership success derives not from one thing or one collection of qualities, it is situational. Personal contribution within organization achievement can be hard to unwrap. But it is important for understanding an individual as a potential board appointment.
Read the full Board Leadership Journal Nov – Dec Issue here.
ON Partners propels an organization’s mission by building C-level and board leadership teams. Founded in 2006 by like-minded consultants as a values-driven alternative to the multi-service global firms they were leaving behind, ON delivers a better executive search experience. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists seven times, the firm is consistently ranked among the top 20 retained executive search firms in the U.S.
Find our related successful placements of leading financial executives here.
About ON Partners
Since 2006, ON Partners is the only pure-play executive search firm building diverse C-level and board leadership teams. We rebuilt the institution of executive search for the way you work. Our approach includes present partners who engage with their clients from the first brief to the final decision, individually crafted solutions that are unique to each client, and an easier experience all around. Named by Forbes as one of America’s Best Executive Recruiting Firms and to the Inc. 500/5000 Lists nine times, ON Partners is consistently ranked among the top 20 retained executive search firms in the U.S.
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