IN previous articles, I have discussed the problems associated with choosing independent non-executive directors (INEDs). These make the responsibilities of the nomination committees much more onerous than many members of such committees realise. What is true for INEDs is all the more true when it comes to appointing CEOs.
The choice of the right CEO can make or break a company and yet so many appointments turn out to be wrong making me wonder if the nominating committees and the headhunters they use really know what they are doing and whether they recognise just how important having the right values is for success.