Making a hire of any kind is important for a business, but making an appointment for someone who will influence the direction of the business is as big as it comes in recruitment.
So what kind of skills and qualifications should you be looking out for?
NED Skills, Qualifications and Requirements
There isn’t a specific qualification or certification a candidate must have for a non-exec role. To be a successful NED, it isn’t about theory and educational background, rather evidence that they know how to implement and impact business processes and decisions. Many candidates will look to obtain a Chartered Directors Qualification from the Institute of Directors but their experience and personality are a lot more likely to impact their desirability for an NED position.
NED Personal Skills and Experience
To be a successful NED, a candidate should show some of the following personality traits:
- Creative Thinking
NED Skills Case Studies
At Edward Drummond, NED search starts by understanding the journey our clients are on (and their associated strategy), and aiming to satisfy a specific area where our client will benefit. This means being able to identify who is the type of candidate that can help them achieve their goals.
Generally, it tends to be around thinking about where they want to be in 3-5 years. Perhaps this relates to growing to a certain size, or gaining market position, geographical location, or diversifying products/services. It usually relates to a client simply saying “we want our business to look like this” and making sure an NED hire will make this happen. This often means finding those organisations that are already there and find those people with the experience of getting them there (from a position of sitting on the board, as an executive).
By following that process we have been able to bring in current or recent CEOs, CFOs and other executives with board level experience of leadership.
Generally, we therefore tend search for individuals with high levels of strategic skills (found at board level within a public company), often within a serving Executive looking for their first NED role.
To date, some of our NED hires have helped in the following ways:
- Growth – helping achieve complex international business development and competitive organic growth targets
- Coaching – acting as an internal mentor to Board and CEO in particular
- Chair of Audit – strong CFO type background
- M&A – strong CFO type background
- Consolidation of complex multi-site global manufacturing operations
- Chair of Remuneration Committee
- Business consolidation and restructuring
- IPO (private into public ownership)
Contact us today and see how we transformed a business by hiring an NED.