The Sunday Mail
Memory Nguwi
The calibre of the chief executive officer (CEO) you hire to lead your organisation plays a big role in the company’s success.
Hiring the right CEO is one of the most important tasks for any board.
This has, however, proven to be a difficult assignment for most boards.
Most boards fail to identify the right boss for various reasons.
The biggest study on the subject that has been conducted is called the “CEO Genome Project”.
Findings from this research are interesting and should act as a guide for those hiring a CEO.
When large companies pick a CEO, 80 percent of the time, they go for an insider.
Research shows that, globally, firms lose an estimated US$112 billion due to wrong selection of a CEO.
The other big challenge is that boards tend to look for subordinates when hiring, instead of leaders.
Research shows that charismatic extroverts are likely to be selected for many jo...
