If you’re in private equity and serve as the Board representative of your investors, you help select and oversee the top management of your portfolio companies.
Is that oversight as smooth and efficient as you would like?
CEOs for portfolio companies need to handle the unexpected
When you pick a CEO, you need someone who can handle well both the expected and the unexpected.
What to expect when it's unexpected
Predicting what highly skilled people will do with the unexpected is Leslie S. Pratch's life's work. She helps private equity investors understand who are active copers. Active coping is being able—emotionally, intellectually, and behaviorally—to successfully confront unforeseen challenges and successfully capitalize on emergent opportunities. For most people, it's not something you can tell much from their business track record. Identifying it takes a different approach.
How you can proceed
Looks Good on Paper? (Columbia University Press, 2014) outlines Leslie Pratch's approach, and private equity investors use it to identify CEOs who can lead through turbulence and seize upside opportunities.
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