Search firms scout for AI, digital specialist board members

Premium According to headhunters, the push for technology-related skill sets is because companies know that AI is here to stay. According to headhunters, the push for technology-related skill sets is because companies know that AI is here to stay. “They are looking at leveraging it to drive competitive advantage while understanding and managing its risks (such as reliability, legal, compliance, security and privacy)," said Pankaj Arora, the managing director of search firm Russell Reynolds Associates. Asset management firms, conglomerates, edtech and consumer companies are looking for board members with advanced technology skills. While search firms are given the mandates for independent directors, many are consulted for direct nominees with technological prowess and have the management’s vote. K. Sudarshan, managing partner for search firm EMA Partners, is looking for candidates who are familiar with the latest developments in AI, understand technology and digitally native businesses. “The contours of the board are changing, and today, we are seeking specific skill sets and expertise," he said. India Inc.’s boardrooms will see more than 2,000 independent directors complete their tenure in 2024. The empty positions are pushing companies across sectors to hunt for managing directors and chief executive officers who can take on […]

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