Primary Task Response: Within the Discussion Board area, write 400â€“600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.
You have been recently elected to the Board of Directors of a major American financial services company. The company is over 100 years old, has a strong history of excellence in the sector, and has a long-standing reputation for ethical business practices and consistent returns. The company is unique in that it offers mutual funds to investors and those mutual funds have ownership of the company as a whole. The company manages over a trillion dollars of investments, has 1.2 million members, and has 12,000 employees. The company is headquartered in Philadelphia, PA and it has locations in San Diego, Miami, and Chicago. The companyâ€™s culture is traditional, formal, and diverse.
The chief executive officer (CEO) of the company is retiring at the end of next year and is revered as one of the best CEOs in the financial services industry. She has led the company for over 17 years and, along with the board of directors, will have a part in the selection of her successor. As a CEO, her leadership style is democratic and she greatly values the input of her employees. The Chairman of the Board of Directors has appointed you to lead the search committee for the new CEO.
Using CTU Library resources, research 3 potential candidates for the position of CEO, and respond to the following questions:
- What 3 CEO candidates did you choose? Why did you choose them?
- What are the leadership characteristics of each CEO candidate? How does each CEO candidate differ in terms of his or her education, experience, or achievements?
- How will the new CEO be selected? What is the selection strategy and process?
- Which CEO candidate is the best fit for the position? Why?
Provide a reference list at the end of your primary task response of at least 5 CTU Library articles and include in-text citations for the articles in APA format.