“We are considering including advertising for our next NED appointment. Have any companies used open advertising for NED positions? What wording did you use (is there an example?) and what quality and quantity of response did you receive?”
I have never experienced open advertising for NEDs, though this does seem to be common in the public and not for profit sectors. At my last role 3 NEDs were appointed in a short period of time; whilst headhunters were appointed, previous personal contact seemed most important. I would not rely on open advertising as i doubt the response rate would be good, for all sorts of reasons. It might help bring forward candidates to support diversity.
FTSE 250said
We have only ever used headhunters.
FTSE 100said
All our NEDs came via personal recommendation of CEO or Chairman or via professional advisers. This covers a period of 4 years since IPO in 2007 and 4 appointments of NEDs.
FTSE 250said
I have never seen a company advertise for NEDs. In places I have worked its always been done via headhunters, with the Chairman/other NEDs making suggestions. You do however see adverts from time to time in the FT on Thursdays. I suspect that advertising, and using your own HR team, is probably a better way than paying headhunters for their contact list (which is expensive and galling)
FTSE SMALL CAPsaid
To date we have not placed advertisements for non executive directors. Recent appointments have been by recommendation from a variety of business contacts.
FTSE 100said
We have not openly advertised and are unlikely to do so.
FTSE SMALL CAPsaid
We have not yet ventured into the open advertising world for this type of appointment, but would also be very interested to learn of others’ experiences.
I have never experienced open advertising for NEDs, though this does seem to be common in the public and not for profit sectors. At my last role 3 NEDs were appointed in a short period of time; whilst headhunters were appointed, previous personal contact seemed most important.
I would not rely on open advertising as i doubt the response rate would be good, for all sorts of reasons. It might help bring forward candidates to support diversity.
We have only ever used headhunters.
All our NEDs came via personal recommendation of CEO or Chairman or via professional advisers. This covers a period of 4 years since IPO in 2007 and 4 appointments of NEDs.
I have never seen a company advertise for NEDs. In places I have worked its always been done via headhunters, with the Chairman/other NEDs making suggestions. You do however see adverts from time to time in the FT on Thursdays. I suspect that advertising, and using your own HR team, is probably a better way than paying headhunters for their contact list (which is expensive and galling)
To date we have not placed advertisements for non executive directors. Recent appointments have been by recommendation from a variety of business contacts.
We have not openly advertised and are unlikely to do so.
We have not yet ventured into the open advertising world for this type of appointment, but would also be very interested to learn of others’ experiences.