Accelerate the development of diverse executives for corporate board service
There are many efforts underway to advance diverse executive leadership and corporate board diversity, but even the combination of everything that is being done today will be insufficient to meet expected demand for parity on leadership teams and corporate boards. Companies are showing improvement in their desire and ability to accelerate the development of their diverse executives, but it remains at a pace that is insufficient to meet both near-term and long-term corporate director demand. In fact, it's not even close.
Boards are making strong progress in appointing diverse executives into the boardroom—but more needs to be done
Boards understand the strategic value that diversity brings to boardrooms and are dedicating more resources and seeking new ways to expand their pipeline of board ready diverse executives.
Heidrick & Struggles is actively partnering with clients to assist them in preparing and developing diverse executives for future corporate board service, and we are committed to helping advance them into broader leadership and board governance positions.
A comprehensive development program preparing diverse executives for broader operating roles and corporate governance
One way to enhance the board ready talent pool, while bolstering operating skills and experiences, is with Heidrick & Struggles’ Director Institute, a unique program developed to provide opportunities for qualified executives to participate on corporate boards as Board Observers.
The Director Institute is a fully integrated program that includes CEO nomination, Board Observer preparation, a formal education program, and formal coaching and feedback.
Director Institute Program Overview
As a participant in Heidrick & Struggles’ Director Institute program, executives will serve as a Board Observer with a Sponsor Company board. They receive formal orientation as they begin the program, coaching and feedback sessions throughout their experience, full committee rotation, and a final assessment and feedback session. They will also participate in an education program at the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford University, designed in collaboration with the Director Institute program.
Graduates of the Director Institute program emerge prepared for broader operating roles, as well as corporate board roles, with more experience and strong references from their participation in the program. Sponsoring Companies also benefit from meeting compelling diverse executives that they can Host as Board Observers with their board.
Working together, Sponsoring Companies create development opportunities for high-potential diverse executives in a program where everyone benefits.
Founding Program Advisors