Part 5 – The attributes of a strong PE Chairman. In a series of reports, Directorbank explores the role of the PE Chairman – the draw, the required skill set, the opportunities and the challenges, particularly concerning the relationship with the CEO, the wider management team and the backers.
In this report, we explore the desired skill set of the PE Chairman using insight from our recent survey of 30 PE Investors – at director or partner level – and 240 PE-experienced chairmen.
2016 YEAR END UPDATE – Despite the extreme politics of 2016, it has been a year of strong achievement for Directorbank with a number of notable successes:
Portfolio search assignments remained the core part of our activity and we continued to play a key role in pre-deal situations by introducing board directors and advisors on behalf of our private equity clients.
Assignments for non PE-backed firms increased from 2015 figures, and notably we saw a 27% increase in assignments for privately-owned firms.
We continued to fill the core mix of board roles as well as an increasing number of other senior and critical positions such as Commercial Directors, Business Development Directors and CTOs – here we saw a 62% rise in work. The number of Sales Director roles completed rose 38% on 2015 figures.
For more information on our key achievements across the year, including a track record of recently completed assignments, please click on the link below.
What does a Chairman look for in a private equity backer? Following an in-depth survey conducted with 240 PE-experienced Chairmen and 30 PE investors, we have drafted a number of short reports on the role of the PE Chairman covering the draw, the required skill set, the opportunities and the challenges.
For this report – Part 4 – we asked our surveyed Chairmen what they look for in a PE backer. Their responses fell into several categories:
Engagement
Shared alignment
Knowledge & understanding
Flexibility in approach
Decisiveness
Respect for the long term interests of the business
What attracts a Chairman to Private Equity? Following an in-depth survey conducted with 240 PE-experienced Chairmen and 30 PE investors, we have drafted a number of short reports on the role of the PE Chairman covering the draw, the required skill set, the opportunities and the challenges.
Part 3 explores the attraction of working with PE. In summary, these fall into 6 broad categories:
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