Importance & Role of CEO in Development of LO Feb-Mar 2015 MMA Mandate
Return of the grey hair – by dipy nigam
1. REQUIRED
Experienced professionals, on a
PARTTIME basis, to support the
management team – headed by
young CEOs – by advising ,
guiding and coaching the CEOs on
specific challenges faced by the
company and them.
The people who are in demand
are senior professionals who
have retired or are just retiring -
CEOs , MDs , functional heads
of large companies, bureaucrats
etc. “Young Retirees” - people
retiring at 45- 50 , to pursue
their dreams & personal
passions and are also keen on
taking up such assignments for
intellectual satisfaction , flexible
working and decent earnings.
“ RETURN OF THE GREY HAIR –
SENIOR PROFESSIONALS IN DEMAND - AGAIN ”
“ RETURN OF THE GREY HAIR –
SENIOR PROFESSIONALS IN DEMAND - AGAIN ”
The common thread here is the requirement of experienced professionals on a PARTTIME basis to
support the management team – headed often by young CEOs in the 35 -40 year range – by
advising, guidingandcoachingthemonspecificchallengesfacedbythecompany
Though the level of compensation may not have been what one can earned in a full time position–
the earnings are pretty decent specially when coupled with better quality of work-life balance and
othersuchgains
This demand isfueledbydifferenttypeoforganizations fordifferingreasons
1. Startups / Scaleups / SMEs – require specialist talent / skills / experience – but
are unable to or afford top notch talent on a full time basis
2. International companies setting up / expanding in India and Indian companies
diversifying / expanding …. needTop talent for specific objective bound
mandates
3. JVs / M&As … need special skills / experience for a limited period of time
The demand is for people to wear the mantle of
a. Interim Directors to handle specific assignments
b. Independent Directors – mandated under clause 49.With increased focus on
Corporate Governance there is a large demand for Independent Directors.
c. Non Exec Directors / Advisory board
d. Mentors & Coaches to the young CEOs / CXOs
The people who are in demand are senior professionals who have retired or are just retiring -
CEOs , MDs , functional heads of large companies, bureaucrats etc. “Young Retirees” - people
retiring at 45- 50 , to pursue their dreams & personal passions and are also keen on taking up
such assignments for intellectual satisfaction , flexible working and decent earnings.
Horton International which focuses on Board. & CXO positions is well positioned and
increasingly active in this space sourcing Senior industry Professionals and ex BUREAUCRATS
(IAS /IPS /IRS) as
i. Interim / Independent / Non Exec directors… –for Corporates / MSMEs/ SMEs
ii. Coaches / Mentors for CEO / CXOs individually & on behalf of Corporates
In the last decade or so, over 45-50 years of age was considered
to be OLD. Everyone wanted a 35-40 year old CEO. Last 2 / 3
years however has seen a resurgence in demand for senior /
specialist talent to act as Advisors, Interim / Non Exec
Directors, Independent Director , Operating Consultants,
Mentors, Coaches
By Deependra (Dipy) Nigam
Managing Partner ( India & Area)
http://in.linkedin.com/in/dipynigam