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> Functional Leadership Acquisition > Executive Interim Management “As a remote owner, I slept well for the first time.” Mike Malik Founder & CEO Triad Communication
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Ready to Get Serious about Hiring Your Successor? In an ideal world the leadership of your business would stay in your family for 385 years, just like Zildjian symbol. For independent business owners, the decision to bring in an outside CEO can be among life's most difficult. And most important. The quality of your legacy, and of your retirement, may ride on the shoulders of your chosen successor. Getting it right and achieving results with your successor is no small task. Equity Corps helps independent companies systematically acquire and win with outside executive talent. We differ from conventional CEO search in three ways.
Research from Booz Allen suggests that companies that recruit outside CEOs endure failure nearly twice as often as companies that promote from within. This after an executive search of 4 - 6 months for which a recruiter is paid regardless of the business impact or tenure duration of the new executive. The causes of outside CEO failure and underperformance are largely avoidable. Please consider Do you have a clear and realistic vision for your company's future under a new CEO? What role will you continue to play in your business? Do you have clear quantitative performance expectations for your new CEO? Does your compensation plan align your CEO's objectives with yours? What authority and resources will your CEO require to deliver results?
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