New York, NY - (December 10, 2015) – Allegis Partners, the global executive search firm, today released a study evaluating the value of including Chief Human Resource Officers (CHROs) on corporate Boards of Directors. The study, completed in partnership with Hodge Partners and the National Academy of Human Resources, incorporates feedback from a diverse group of corporate board members and human resource executives.
The study investigates why and when Boards have decided to appoint senior human resource professionals. Some situations include:
- Building new management teams, including complex succession planning
- The need for a comprehensive talent strategy
- Demanding executive compensation matters, including implementing major overhauls to executive compensation plans or integrating compensation plans after acquisitions
- Integrating major acquisitions
- Changing market forces in regulated industries
- Going to multi-channel/digital distribution or other challenging business structural changes
- Managing complex labor issues
"Having a CHRO on the Board is a clear strategic advantage for a company. Seasoned CHROs with experience across a wide array of corporate functions are well-equipped to manage complex talent and organizational issues," said Robert Lambert, Managing Director in Allegis Partners' Human Resource practice. "Having their expertise at the Board level will help companies successfully manage significant changes within the organization."
"The key to a CHRO's success on a Board is their deep understanding of the business and the challenges the company is or could face," said Jeff Hodge, Chairman and Chief Executive Officer of Hodge Partners. "As corporations continue to evolve, that knowledge base will be a valuable asset for successful change."
For a copy of the full study, please visit www.allegis-partners.com/insights/articles/the-chro-for-corporate-boards.
About Allegis Partners
Allegis Partners is the global executive search firm delivering a boutique, high-touch approach to talent management. We focus on identifying diverse, top talent for board, C-suite and senior executive-level roles across a wide range of corporate functions and industries around the world. Allegis Partners is committed to understanding our client and, in turn, customizes each search to meet the needs of the client and specific position. We're backed by the extensive resources and knowledge of the Allegis Group, a $10+ billion privately held global human capital organization. To learn more about Allegis Partners, visit www.allegis-partners.com.
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