MFDF - Mutual Fund Directors Forum - Spencer Stuart Outlines Framework to Evaluate First-Time Director Candidates test

Member Login



Request an account

Sample Banner 1

Spencer Stuart Outlines Framework to Evaluate First-Time Director Candidates

A recent article by consultants at Spencer Stuart delves into the difficulty of vetting the novice director and how boards can effectively evaluate a candidate with no boardroom experience. “Many nominating committees are nervous about appointing executives who lack boardroom experience, and with good reason — board appointments involve a long-term commitment and mistakes can be painful and costly, disrupting the equilibrium of the board and damaging the reputations of those concerned,” according to the authors. They recommend a robust framework for assessing the candidate’s skills, experience, character and how the candidate will adapt to the role. The framework suggests five attributes to assess: interpersonal skills; intellectual approach; integrity; independent mindedness; and inclination to engage. The article expands on each attribute and includes questions boards may consider when evaluating a candidate. According to research published in the Spencer Stuart Board Index, 33 percent of S&P 500 appointments and 32 percent of FTSE 150 appointments in 2018 were new directors serving on their first corporate boards.

 
  • All
  • Accounting and Audit
  • Advisory Contracts
  • Board Governance
  • Board Governance: Board Leadership
  • Board Governance: Compensation
  • Board Governance: Oversight of CCO
  • Board Governance: D&O Insurance
  • Board Governance: Self-Evaluation
  • Closed-end Funds
  • ETFs
  • Other Oversight
  • Other Oversight: Alternative Investments and Derivatives
  • Other Oversight: Custody
  • Other Oversight: Fixed Income funds
  • Other Oversight: Distribution
  • Other Oversight: Portfolio Trading
  • Other Oversight: Proxy Voting
  • Other Oversight: Securities Lending
  • Legislative News
  • Money Market Funds
  • Reference
  • Regulatory News
  • Risk
  • Shareholder Disclosure
  • Valuation
  • Webinars
  • Aaron New Tag

SHOWING 0 TO 0 OF 0 ENTRIES (FILTERED FROM 0 TOTAL ENTRIES)