A New Chair at NLInvest (C): Enabling Cultural Change

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Case

Reference no. 424-0019-1C

Subject category: Human Resource Management / Organisational Behaviour

Authors: Stanislav Shekshnia (INSEAD); J Peter Clinch (UCD c/o Smurfit Graduate Business School)

Published by: INSEAD

Originally published in: 2024

Version: 06-2024

Revision date: 28-Jun-2024

Length: 13 pages

Data source: Published sources

Topics: Board chair; Board of directors; CEO; Corporate governance; Crisis at the board level; CEO succession; Leadership assessment; Board process; Independent directors; Board committees; FDI; Government agency; SDG9 industry, innovation and infrastructure; SDG16 peace, justice and strong institutions

Tags: UN Sustainable Development Goals (UN SDGs): Goal 9: Industry, innovation and infrastructure; Goal 16: Peace, justice and strong institutions

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Abstract

This is part of a case series. The new chair of the board of NLInvest, a government agency that promotes inward investment to the Netherlands, faces challenges that are both expected and unexpected. The agency's domineering CEO treats the board purely as his 'advisors' and many directors who admire his strong performance record and international reputation seem to accept this. The chair decides to employ a 'gradual transformation strategy', but the sudden discovery of irregularities that happened before his arrival calls for a more proactive approach.