Top Global Executive Search Firms for 2021

TOP 40 GLOBAL SEARCH FIRMS

17th May 2021 - Dublin, Ireland. Market research firm and single source information provider to the human capital sector, Hunt Scanlon, has once again named Agilium Worldwide Executive Search Group, of which Principal Connections is the Irish & UK Office, as part of its 2021 Top 40 Global Executive Search Firms.

Hunt Scanlon reviewed an exhaustive list of international executive recruiters. Analysts looked at each executive search firm in great detail. From this they formulated a list that they believe captures the best international executive recruiters who can satisfy the most sensitive recruitment needs.

ABOUT AGILIUM WORLDWIDE LLC

Agilium Worldwide is a global group of independent retained executive search firms. The group has locations worldwide, serving the Americas, Asia Pacific, Australia, Europe, the Middle East and Africa. Agilium Worldwide ranks among the top 40 international executive recruiters in the worldwide.

EXECUTIVE LEADERS TALENT REPORT 2021

Leaders Talent Report 2021: A Report for Ireland's Senior Executives

As featured in the Sunday Independent 25th April 2021

At Principal Connections, we partner with many of Ireland’s most noteworthy senior executive teams and boards to appoint the best leadership talent from the local as well as the international market.

The allocation of financial capital has long been acknowledged as a vital driver of an organisation’s performance. The value of a robust and responsive talent-management program however, has less widely been appreciated. There is no doubt that, organisations with effective talent-management strategies have a better chance of outperforming competitors and, among publicly owned companies, are likelier to outdo their peers’ returns to shareholders.

A Report by International Executive Search Agency Principal Connections

For the fourth year running Principal Connections compiled a survey that focused on the core trends influencing the leadership talent agenda in Ireland and the outlook for 2021. The findings of which build on the foundations of similar studies undertaken.

In the latest research programme, 192 executives with overall responsibility for the human resources function of their respective organisations completed the survey. Due to the ongoing global public health emergency as well as Brexit and new trade deal arrangements, the survey was undertaken a few months later than usual this year.

RECEIVE YOUR COPY

If you would like to receive a complimentary copy of our Leaders Talent Report 2021, please Register an Interest

ABOUT PRINCIPAL CONNECTIONS - THE IRISH OFFICE OF AGILIUM WORLDWIDE EXECUTIVE SEARCH GROUP

Principal Connections has the most successful team of management consultants in the executive search industry in Ireland. Over the years, our highly committed executive search team has helped some of Ireland’s biggest and best organisations find elite senior, executive, board, interim and specialist leaders to drive their agendas.

We deliver solutions to organisations varying in size, structure and maturity. We do this across each of our distinct practice areas, whether private, public or not-for-profit, and draw on the deep expertise of more than 250 Consultants in 55 Cities and 30 Countries globally as the Irish Office of Agilium Worldwide Executive Search Group.

"Best Executive Search Firm 2020"

PRINCIPAL CONNECTIONS TAKES "BEST EXECUTIVE SEARCH FIRM"

Dublin, Ireland, February 01st 2021 -- The ninth Chambers Ireland National InBUSINESS Recognition Awards, took place on the later date this year, of Friday last, January 29th 2021. With Ireland now well into its third lockdown, a prestigious list of Irish businesses attended the awards which were streamed live, with Mr. Ian Talbot, CEO of Chambers Ireland opening the event and MC, the renowned business journalist Vincent Wall. This year winners were selected from across 19 distinct categories based on the criteria of: 'resilience', 'exceptional performance' and their response to the 'adversity' presented by 2020.

“Market leading products and services, state of the art infrastructure and market opportunity, none of these guarantee business success. It’s the people of an organisation who define it. And more specifically, it’s the quality of leadership demonstrated by those individuals.” said Pat O’Donnell, Managing Partner of Principal Connections – executive search who took the award of "Best in Executive Recruitment".

PRINCIPAL CONNECTIONS TOP EXECUTIVE SEARCH FIRM AT NATIONAL AWARDS

“As a senior executive search firm, Principal Connections is in a privileged position. Each day we work towards appointing many of the senior executives and board leaders who drive Irish business.

To be recognised for excellence in this endeavour, I feel truly honoured and especially delighted to accept this prestigious award this afternoon. Despite the unique circumstances imposed by the COVID 19 pandemic, this award reflects the resilience, agility and success that Principal Connections achieved in partnership with our clients in 2020. I would like to thank each of our exceptional management consulting team, our board and international colleagues, all who share in this recognition” said O’Donnell on accepting the award on behalf of the executive search experts.

 

THE CHAMBERS IRELAND NATIONAL InBUSINESS RECOGNITION AWARDS WINNERS

The Chambers Ireland National InBUSINESS Recognition Awards 2020/2021 Winners:

ABOUT CHAMBERS IRELAND

Chambers Ireland is Ireland’s largest business organisation with a network of Chambers of Commerce in every major town and region in the country.

ABOUT PRINCIPAL CONNECTIONS

Principal Connections is Ireland’s leading retained Senior Executive Search Firm and part of Agilium Worldwide Executive Search Group.

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CEO & BOARD DIRECTORS CONSENSUS 2021

CEO & Board Directors Consensus 2021: The Board Director of Today

Principal Connections’ CEO and Board Search Practice has helped many of the most successful organisations across Ireland build their boards and senior leadership teams.

As we continue to navigate the global public health emergency as well as Brexit and new trade deal arrangements, the presence of a strong, independent and effective board is more crucial than ever. The most effective boards have a positive and sustainable impact on the organisations that they serve ensuring good governance while driving organisational performance. High performing boards instil confidence among shareholders, trustee’s and stakeholders, and create a diverse and balanced perspective — one that reflects the strategic vision of an enterprise.

A Report by CEO & Board Search Firm Principal Connections

In December of 2020, Principal Connections decided to undertake a comprehensive research programme to gauge the views of board directors of Irish entities - ranging from plc’s and multinationals to private limited companies, public sector and non-profit entities, concerning a broad range of board related themes. Topics focused on included board – practices, refreshment, diversity, social issues and COVID-19. The findings have produced many interesting insights for the first time in an Irish context.

We would like to sincerely thank the CEO and board director group who took considerable time from their busy schedules to participate in this consensus. We at Principal Connections firmly hope that this consensus will support and better inform boardrooms across Ireland in their debate and decision making as they look to the future.

RECEIVE YOUR COPY

If you would like to receive a complimentary copy of our CEO & Board Directors Consensus 2021, please Register an Interest

PRINCIPAL CONNECTIONS CEO & BOARD PRACTICE

Principal Connections’ CEO and Board Search Practice has helped many of the most successful organisations in Ireland build their boards and senior leadership teams. We partner with our client organisations to identify the right leader for their particular strategic need, and assess and recruit the best talent to drive value.

HR DIRECTORS CONSENSUS NOVEMBER 2020

HR Directors Consensus 2020: The Role of the HR Director in Ireland

At Principal Connections, we partner with many of Ireland’s most senior HR Directors seeking to appoint the best leadership talent at home and from abroad. Moreover, such HR leaders frequently refer to us in striving to achieve their own individual career goals.

In the corporate pecking order, the role of the HR Director has often played
second fiddle to the more commercially driven aspects of corporate operations. While business savvy CEO’s have long recognised HR’s strategic importance, the coronavirus pandemic has underscored the role of the HR Director as one of the most important functions for organisations worldwide.

A Report by Executive Search Firm Principal Connections

Principal Connections conducted a research programme in October of 2020, to explore the current disposition of the HR Director functional role in Ireland. Our objective was to facilitate a comprehensive understanding of what the role of HR Director now means, through capturing the views of those who understand it best. Thank you to each of the 244 CHRO’s, CPO’s, HRD’s, HR VP’s and HoHR’s who took the time to respond and inform this largely under-researched area.

RECEIVE YOUR COPY

If you would like to receive a complimentary copy of our HR Directors Consensus 2020, please Register an Interest

PRINCIPAL CONNECTIONS HUMAN RESOURCES OFFICERS PRACTICE

Principal Connections’ Human Resources Officers Practice is a market leader in recruiting for HR C-suite appointments in Ireland. We identify, assess and recruit CHRO’s, CPO’s, HRD’s and HoHR’s with the right professional experience, competencies, education and cultural DNA to lead in today’s unprecedented business environment.

Executive & Board Resourcing Code 2019

 

Irish Executive Resourcing Firm, Principal Connections, supports updated Executive & Board Resourcing Code of Conduct

Read the Executive & Board Resourcing Code

 

 

As organisations strive to achieve better performance through more diverse balance across senior decision-making roles, recruitment and appointments becomes a pivotal process. Since 2016, Ibec and the 30% Club have promoted a voluntary code for executive search firms to support more balanced selection, in their role as key stakeholders in changing the landscape on gender balance across senior management and on boards in Ireland.

In 2019, the Code was updated and broadened to reflect all search professionals (external and in-house), and any senior resourcing activity. It is based on four key principles incorporating Strategy & Goals, Talent Pipeline, Process and Monitoring & Reporting. The Code also recognises the importance of search firms and client organisations working together in partnership on delivering change. It is anticipated that the Code will become a referral point for the Balance for Better Business outputs, to be announced soon by the Government Review Group

APPLICATION OF THE EXECUTIVE RESOURCING CODE 

Executive search firms and search professionals, as signatories to the Code, commit to following the Code’s provisions in their board and senior executive search processes, irrespective of sector or company; and to ensuring that the principles and key behaviours are embedded in their day to day practices. A list of signatories is published, and signatories are also encouraged to publicise their compliance through their website and through public reporting of measures of success.

SIGNATORIES OF THE
EXECUTIVE RESOURCING CODE

Executive search firms and search professionals, as signatories to the Code, commit to following the Code’s provisions in their board and senior executive search processes, irrespective of sector or company; and to ensuring that the principles and key behaviours are embedded in their day to day practices. A list of signatories is published, and signatories are also encouraged to publicise their compliance through their website and through public reporting of measures of success.

EXECUTIVE RESOURCING PARTNERSHIP

Individual organisations are actively encouraged to support the principles set out in the Code and to work in collaboration with the executive search partner, whether in-house or external, in ensuring the Code is upheld; and that ultimately greater balance is achieved across senior decision-making functions with particular emphasis at board and C-suite executive levels. In particular, it is anticipated that Nomination Committees will encourage the adoption of the principles and the suggested behaviours in both Board and internal selection processes, supported by the CEO and the HRD.

IBEC & THE 30% CLUB COMMITTED

Ibec and the 30% Club have committed to promoting the Code and its signatories with our members, encouraging them to engage in future with recruitment and executive search firms who are as committed to diversity as they are. By working together, we hope that we can make further advances to address the challenge of gender balance in decision-making roles and ultimately for better business outcomes.

ABOUT IBEC
Ibec is Ireland's largest lobby group representing Irish business both domestically and internationally.

ABOUT THE 30% CLUB
The 30% Club campaigns for greater representation of women on the boards of FTSE100 boards with a target of a minimum of 30%.

ABOUT PRINCIPAL CONNECTIONS
Principal Connections has forever been committed to helping client organisations increase the effectiveness of their boards and senior executive teams in the selection and appointment of diverse talent. Working in partnership with Chairs, Nomination Committees, CEO’s and HRD’s we take the appropriate steps to ensure focus, action and success throughout the execution of the executive resourcing process.

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Balance for Better Business Report May 2019

No company traded on the Euronext Dublin markets should have an all-male board by the end of this year. This is just one of the targets set by a new Government-commissioned report on gender balance in Irish businesses according to Dublin executive search firm, Principal Connections. The report also says one-third of directors at the 20 biggest Irish companies on the stock market should be female by the end of 2023.

“Women are the most under-utilised economic asset in the world and the countries and businesses that recognise this are the ones that will do best in the world of tomorrow.” Balance for Better Business Report May 2019


EXAMINING THE GENDER BALANCE OF IRISH BOARDS  

Currently only 16.4% of directors of all Irish publicly listed companies are female, while 15 listed companies still have all-male boards, a statistic which there is broad agreement has to change. Established by the Government in July 2018, the 'Balance for Better Business' Review Group was tasked with examining the gender mix within the governance and senior management of companies in Ireland. The independent body, co-chaired by Bríd Horan (Chair, Nephin Energy and formerly Deputy CEO ESB) and Gary Kennedy (Chair, Greencore and Green Reit), was asked to make recommendations on how women can be involved in decision-making at the highest levels of Irish business.

There are currently 408 directorships within the 51 public limited companies trading on the Euronext. Of these, 67 are female directors, representing 16.4%.

BOARD GENDER TARGETS SET FOR IRISH BUSINESSES

This the first report examining the gender composition of Irish publicly listed companies calls on businesses in Ireland to quickly address the low levels of female representation on their boards of directors. Interim targets have also been set for each year so that companies can measure their progress against annual benchmarks.

This the first report examining the gender composition of Irish publicly listed companies calls on businesses in Ireland to quickly address the low levels of female representation on their boards of directors. Interim targets have also been set for each year so that companies can measure their progress against annual benchmarks.

Targets for Women on Boards of Listed Companies


IRISH BOARDS MUST TAKE VOLUNTARY ACTION

The report is clear in that Balance for Better Business favours a voluntary approach in which companies themselves take action to introduce the necessary reforms, thereby avoiding the need for legislation to impose gender quotas. The body says it is pleased to note that progress has already been made since the initiative was launched, with the overall percentage of women on Irish publicly listed boards increasing in the last year from 14% to 16.4%.

But it suggests the momentum needs to accelerate and to be sustained for balance to be achieved, because in recent years Ireland has slipped further behind other EU member states. It also explains there is a strong business case for better gender balance, including wider access to the entire pool of talent, greater diversity of thinking and increased responsiveness to consumer requirements. The Review Group advises that it is developing a programme of engagement with major companies and key business influencers to raise awareness of the need for change. It says it is ready to work with them to identify how we can tackle barriers preventing change.

NEW FIGURES FROM THE CENTRAL STATISTICS OFFICE

Last week, new figures from the Central Statistics Office showed just 1 in 9 chief executives (12%) of large enterprises with 250 or more employees in Ireland in 2019 are women. They also revealed that women make up 28% of senior executive roles compared with 72% for men. The data also showed that the vast majority of chairpersons at companies were men - 93% - with women making up the remaining 7%, while 80% of directors on company's boards are men and 20% are women.

Companies With More Than 25% Female Directors

WELCOMING THE BALANCE FOR BETTER BUSINESS REPORT

The Institute of Directors in Ireland said its recent diversity research found a growing support for gender targets on boards, with support across the board from both male and female directors. In a statement Maura Quinn, CEO of IoD Ireland, said that while progress may not be a straight line, the targets outlined in this report provide a clear focus for boards, their directors and stakeholders, as well as a means of evaluating its progress on an annual basis. "Board diversity is not just ‘a nice to have’, it's about what is best for business," Ms Quinn said. "Board diversity allows for the best possible talent to be available, which in turn will help a business become even more commercially effective. It is imperative that we now heed this call to ensure there is real traction on this issue in the future," she added.

Companies With No Female Directors

Meanwhile, Ibec CEO Danny McCoy, a member of the review group for the report, said today's publication will lead to a welcome step change for boards in corporate Ireland.  "This is a hugely significant development for business leaders in Ireland and will be embraced as part of the continuing evolution and strengthening of the Irish business model," Mr McCoy said. "The measures announced today are a critical element that form part of the holistic approach required to bring about gender balancing across Irish business and society," he added.

Helen Wycherley, President of Network Ireland - which supports the professional and personal development of women - said that companies can gain so much from having more female representation on their boards. "We know that boards are traditionally male-dominated places so we need to ensure that boards focus on achieving balance - and not just gender but also age and backgrounds," Ms Wycherley said.

The Network Ireland President said that many women do not even think about going on boards and the benefits are many. "They can be a source of income, they will increase confidence and develop connections, they can allow you to give back and absolutely can allow you to make a difference in an area you are passionate about," she added.

Bank of Ireland, which last year set out a target that all management and leadership appointments will represent a 50:50 gender ratio by the end of 2021, also welcomed the report. "We are committed to creating a diverse and inclusive place to work where our people can be themselves and perform to their full potential," said Francesca McDonagh, the bank's CEO.


ABOUT BALANCE FOR BETTER BUSINESS

Balance for Better Business is an independent business-led Review Group established by the Government to improve gender balance in senior leadership in Ireland.

ABOUT PRINCIPAL CONNECTIONS

Principal Connections
is Ireland's Top Diversity and Inclusion Executive Search Firm. At Principal Connections, we believe that we have an important role to play in helping our clients build diverse leadership teams.

Clients engage us to address the growing importance of diversity in their employee population. Companies that incorporate inclusion strategies in their business have stronger financial performance and provide greater shareholder value. Principal Connections has a strong track record in diversity search assignments and embraces the global reality of diversity and inclusion.

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