Board Recruiting: An Expert Perspective
Description
Board recruiting advisor Kris Stred breaks down the role and impact of an effective board and how to find experienced directors. Kris has over 15 years of board search experience and is the founder of Stred Executive Search LLC. Before starting her own firm, Kris was a lawyer for publicly-traded and privately-held companies. Her first-hand involvement with the board’s fiduciary duties in high-stakes situations and the important dynamics of teams of business leaders propelled her to become a recruiter. She gained a deep understanding of what it takes to form a balanced and functional board of directors.
Highlights from our conversation include:
- The role and common structure of a board (3:19 )
- How boards are evolving (5:59 )
- When companies should develop a board (7:20 )
- Why companies might look for professional support when recruiting a board (9:28 )
- Pitfalls of the traditional board recruiting process and how to avoid them (11:56 )
- The biggest difference between board and executive recruiting (15:27 )
- What to look for in a board candidate (17:42 )
- Screening for mission and values (21:14 )
- One vital lesson from successes and failures (22:40 )
- Mitigating risk factors (24:00 )
- Key advice for incoming directors (25:27 )
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