Board Services Practices:
Hornberger Management Company offers management consulting and recruitment services for Corporate Board of Directors and Board of Advisors in the construction industry.
Management Consulting services address all matters of Corporate Governance, and provide solutions for the selection, creation, restructuring and recruitment of Board Members.
Recruitment services involve fixed-fee, recruitment of Outside Board Members.
One of the greatest challenges facing construction Corporate Boards today is their composition. In many cases,Board members are not truly independent councils. Instead, they represent insiders, friends and associates ofother sitting Directors. Today things are changing. Corporate Board Members are being selected under greater scrutiny, while creating greater value for contractors as they begin to contribute more to the company, instead of simply overseeing from a distance.
Corporate Boards of Governance are also being held more responsible for providing oversight, process and accountability to their shareholders.They are required to develop the standards by which accounting, disclosure, and corporate management practices are held accountable. On July 30, 2002, President Bush signed into law The Public Accounting Reform and Investor Protection Act (commonly referred to as the Sarbanes-Oxley Bill).This gives the SEC more resources and authority to enforce securities laws and exacts new and greater penalties for fraud (such as disbarring directors and officers found guilty of fraud, longer prison sentences for certain types of white-collar crime, and return of ill-gotten gains to benefit defrauded shareholders). The Bill covers everything from analyst conflicts of interests to document shredding. It increases CEO accountability for financial statements, and makes CEOs and CFOs sign off on financials.
However with increased regulations and responsibilities, typically comes increased benefits and opportunities for those selected to sit on Corporate Boards.
Types of Corporate Boards:
There are several different types of Corporate Boards that govern contractors. Although some boards are either unaware, uninformed, or simply do not take the time to find out how they govern, others choose to determine where they are and where they want to be positioned in order to maximize their ability to govern. Below are the three most common structures for construction Corporate Boards:
Managed Board
Unlike lower-level routine searches, senior executive search calls for innovative consultative selling and career management expertise. Each construction executive search that we conduct differs in some respect. Unique situations call for unique solutions, and we are the specialists who can respond.
At HMC, our planning and research processes are as thorough as they are focused. We monitor acquisitions and builder growth, bid and job awards, promotions and hirings, construction news and publications... all the windows into who's doing what, and who holds the hot hand. We support our efforts with a library science department and a new, custom-tailored information system developed exclusively for our firm. Unlike generic systems, our system by design asks the right questions and aggregates information specific to your unique needs. Your net benefit is a thorough match and proprietary access to one of the industry's biggest, richest inventories of relevant executive talent.
Governed Board
Unlike lower-level routine searches, senior executive search calls for innovative consultative selling and career management expertise. Each construction executive search that we conduct differs in some respect. Unique situations call for unique solutions, and we are the specialists who can respond.
At HMC, our planning and research processes are as thorough as they are focused. We monitor acquisitions and builder growth, bid and job awards, promotions and hirings, construction news and publications... all the windows into who's doing what, and who holds the hot hand. We support our efforts with a library science department and a new, custom-tailored information system developed exclusively for our firm. Unlike generic systems, our system by design asks the right questions and aggregates information specific to your unique needs. Your net benefit is a thorough match and proprietary access to one of the industry's biggest, richest inventories of relevant executive talent.
Directed Board
Unlike lower-level routine searches, senior executive search calls for innovative consultative selling and career management expertise. Each construction executive search that we conduct differs in some respect. Unique situations call for unique solutions, and we are the specialists who can respond.
At HMC, our planning and research processes are as thorough as they are focused. We monitor acquisitions and builder growth, bid and job awards, promotions and hirings, construction news and publications... all the windows into who's doing what, and who holds the hot hand. We support our efforts with a library science department and a new, custom-tailored information system developed exclusively for our firm. Unlike generic systems, our system by design asks the right questions and aggregates information specific to your unique needs. Your net benefit is a thorough match and proprietary access to one of the industry's biggest, richest inventories of relevant executive talent.
“When we considered the time and cost involved with an in-house advertising and recruiting campaign, verses utilizing the specialized services of HMC who recruit employed talent in much less time, we chose HMC.”
– CEO, Los Angles, CA