Briefings for the Boardroom
Performance Pay: Skip the Formula
With each industry hit differently by the pandemic, this is how compensation committees are rating CEO performance.
A research-based, pragmatic approach for getting the most from your executive team. In our work we have found that executive teams typically encounter six challenges:
Korn Ferry consultants work with the leader and their team to strengthen the six factors that are essential for outstanding executive teams. Here’s how:
We tell it like it is, acting as an honest mirror for team strengths and opportunities and supporting the CEO in leadership by providing coaching to enabling them to lead an outstanding executive team.
We work with the CEO and the team to define team purpose: not only why the team exists, but also the collective work that only a high performing executive team can do, clarifying the unique value of the team now and in the future.
We help the people on the team to deliver value, collectively and individually, bringing Korn Ferry’s unique blend of assessment, leadership development, and search capability to the team.
We set the team up for success, clarifying decision-rights and establishing the processes (e.g., agendas, pre-read, meeting minutes, etc.), that can so easily derail performance if not properly established.
We work with the team not only to set norms (standards of behavior) but to activate them and build the inclusive culture required for collective intelligence to thrive.
We enable the team’s continuous development through team coaching, structuring time to pause and reflect so the team has the feedback and tools that enable it to grow in capability over time.