Business Today

How To Hire Your Head Honcho

Both sides should take the long term view because this is more than a transaction

Negotiating and finalising the compensation of a Chief Executive Officer is probably the most interesting task, yet it is probably also the most challenging one too.

For all stakeholders the company, the search firm, and the candidate to converge and reach agreement is perhaps the most complicated and least publicised process in any company's functioning.

Over the last decade, even in India, the CEO compensation design is slowly converging to global (Western) practices. For listed and (or) board managed companies, a nomination and remuneration committee is asked to drive the process.

As the

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