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Time for an end run?

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When a UK insurance company is plagued with a securities fraud scandal that results in the ouster of the CEO, the head of human resources seizes the opportunity to shake up the culture with a bold replacement. But the chairman of the board is uncomfortable with the strategy, preferring to focus on candidates of a more traditional stamp. How far can - and should - the HR director go to influence the high-stakes appointment? CIPD's Vanessa Robinson acknowledges that the HR director has painted herself into a corner by making her case to the board chairman first. To get out, she needs to gather hard data to bolster her argument and demonstrate in business terms the downsides of maintaining the status quo. Debating the relative merits of various CEO candidates is fiddling while Rome burns, says Richard Hermon-Taylor, a management consultant. The company is in jeopardy of imploding, and the search for a new CEO could take weeks or months. The board chairman must take swift action: he should form a special committee to deal with the crisis, retain independent forensic accountants and counsel, announce the appointment of an interim CEO, and develop a communications program to reassure employees, investors, and customers. Charu G Raheja, an assistant professor at Wake Forest University, warns that the HR director is treading on thin ice. As corporate monitors and advisors to top management, directors must respect one another, the chairman, and, eventually, the new CEO. If that respect is compromised, serious problems can result..Printed journal

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Ketersediaan

Call Number	Location	Available
	PSB lt.dasar - Pascasarjana	1

Penerbit	Harvard Business School.,
Edisi	-
Subjek	Strategic management Human resource management Boards of directors Succession planning
ISBN/ISSN	178012
Klasifikasi	-
Deskripsi Fisik	-
Info Detail Spesifik	-
Other Version/Related	Tidak tersedia versi lain
Lampiran Berkas	Tidak Ada Data