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SOURCE Korn/Ferry International
LOS ANGELES, Oct. 16, 2013 /PRNewswire/ -- Despite all the talk of digital executives joining boards, leading companies have actually been adding very few executives with digital expertise to their boards, according to Korn/Ferry International's Korn/Ferry Market Cap100 (KFMC100), an annual study of the boards of the largest US companies by market capitalization.
The report's key findings regarding digital expertise include the following:
Ultimately, the report concludes, recruiting and retaining a digital director, much like success in attracting any other expertise to the board, are the result of a rigorous strategic process. Boards that take the time to think through their specific needs, assess the skills and experiences prescribed by broad governance requirements, and then plan for how best to leverage digital expertise will be well positioned to provide oversight with an eye to the future.
The report was issued by three Vice Chairmen of Korn/Ferry International and leaders of the firm's Board and Services Practice: Dennis Carey, Robert Hallagan, and Stephen Mader. The authors undertook in-depth interviews with three veteran directors – computer industry pioneer Rick Crandall, current director of RR Donnelley and Diebold; Jeff Epstein, Operating Partner, Bessemer Ventures, former CFO of Oracle, and current director for Priceline and Kaiser Permanente; and Bonnie Hill, long-time lead director of Home Depot – who share views on defining, recruiting, and leveraging digital expertise for the board.
In addition to the analysis of digital expertise on boards, the KFMC100 also includes more general findings based on an analysis of proxy and governance statements, including:
About Korn/Ferry International
Korn/Ferry International is a premier global provider of talent management solutions, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa. The firm delivers solutions and resources that help clients cultivate greatness through the design, building, and attraction of their talent. Visit www.kornferry.com for more information on Korn/Ferry International, and www.kornferryinstitute.com for thought leadership, intellectual property, and research.
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