In times of crisis, financial insight in the board room is crucial. As a consequence, the recruitment for board members is shifting from focusing on strategic competences to financial experience.
With the recent recruitment of one of the most significant profiles within private equity funding in Sweden, Arne Karlsson, the Maersk Board sends a strong signal about a new and more solid corporate management with an increased focus on value creation, restructuring and financing.
“In the next couple of years, we will see a lot more see sharp profiles from the private equity funds enter the boards of joint-stock companies. Up until now, the boards have recruited strategic competences, but in a time of crisis, financial competences are prioritised”, says partner in QVARTZ Lars Bo Hansen.
There is a lot to learn from the private equity funds who are experts in large-scale financial constructions, in close dialogue with the banks and specialists in demerging and restructuring companies.
This story “Mærsk-bestyrelse vil lære af kapitalfondene” was published in the Danish business newspaper Børsen on March 5, 2010.