Corporate Leadership Moves in the Right Direction, Sets All-Time High in Q1 2011 Korn/Ferry Confidence in Leadership Index

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LOS ANGELES, June 6, 2011 /CNW/ -- The Korn/Ferry Institute's Confidence in Leadership Index reveals significant momentum in the direction of corporate leadership globally in Q1 2011, reaching an all-time high since the survey was first conducted in 2009. Led by a large gain in Europe, executives in all but one region responded that corporate leadership was not only headed in the right direction, but trending more favorably now than any time since the survey's inception.

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    (Photo:  http://photos.prnewswire.com/prnh/20110606/LA11846)

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The Korn/Ferry Institute Confidence in Leadership Index, now in its third year, measures four key factors of leadership:

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    --  Credibility of Leadership
    --  Trust in Leadership
    --  Direction of Leadership
    --  Characteristics of Leadership


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The data was collected by Korn/Ferry during Q1 2011 via an online survey of more than 500 global executives.

The relationship between leadership confidence and economic measures continues to hold in North America. North American exchanges ticked upward in the quarter and North America gained ground in all Index measures.

Europe and Central/South American results were not as correlated with economic data. Europe's Confidence Index results were mixed, however Direction of Leadership shot upwards, following improvement in most European markets. Central and South American markets were down a small percentage, though Direction of Leadership continued to climb and lead the global study.

Results from Asia Pacific were much more volatile than financial markets. The study was conducted prior to the Japanese earthquake and tsunami, but re-fielded following the March 11 disaster to determine its impact on confidence in leadership. The comparative data revealed virtually no change in pre- and post-disaster attitudes. The Asia results reported in this study show all-time lows in Credibility, Trust, and Direction of leadership though regional financial markets were either flat or up slightly.

"We continue to track confidence in leadership against economic factors, but this wave of data suggests other environmental influences may override the impact of economic data," said Ana Dutra, CEO, Korn/Ferry Leadership and Talent Consulting. "The results from Asia Pacific clearly warrant further study. With many different types of economies, the most important question is how and why factors such as financial, geo-political, and ethical volatility are destabilizing confidence in corporate leadership with varying intensity in different parts of the world."

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    Confidence in Leadership Major Findings

    --  Globally, Credibility of Leadership declined one point, tallying 75 on
        a 100-point scale.
        --  Credibility of Leadership data from Asia Pacific shows declining
            sentiment towards leadership at all levels. Overall Credibility of
            Leadership sunk from 76 in 2010, to 71 in Q1 2011. All major
            categories follow a similar trend in Asia Pacific. For example,
            credibility of CEOs fell from 77 to 72 and credibility of Boards
of
            Directors fell from 73 to 66.
        --  Central/South America also showed weakness in Credibility of
            Leadership, declining in categories such as CEO Leadership and
            Company Management Leadership by five points each.
        --  North America gained ground in most categories; notably CEO
            Leadership climbed three points to 77.
        --  Credibility of Leadership fell by one point overall in Europe; the
            largest mover in the study was a three-point dip in CEO
            credibility.


    --  Trust in Leadership fell a point from 78 to 77 on the 100-point scale
        globally.
        --  Asia Pacific's Trust in Leadership score fell five points to an
            all-time low of 74.
        --  Europe's Trust score similarly fell four points to an all-time low
            of 70.
        --  Central/South America also lost four points, falling from 83 to
79.
        --  North America countered the trend, increasing by two points from
79
            to 81.


    --  Direction of Leadership gained momentum in the first quarter of 2011
        after relatively little movement from 2009 to 2010, gaining seven
        points from +20 to +27 on a scale ranging from -100 (getting worse) to
        +100 (getting better).
        --  North America, traditionally the least optimistic about direction
            of leadership, tallied a nine-point gain from +9 to +18, though it
            still trails all over geographies.
        --  Europe shot up a surprising 13 points from 2010 from +16 to +29.
        --  Central/South America, historically the most positive about
            direction of leadership, remained the most optimistic and gained
            even more ground moving from +50 to +57.
        --  Only Asia Pacific slipped in the Direction of Leadership category,
            falling from +34 in 2010 to +24 in Q1 2011, a 10-point decline.


    --  The ranking of Leadership Characteristics remained unchanged year over
        year
        --  Strategic Skill still ranks atop a list of seven critical
            competencies.
        --  Personal and Interpersonal Skill continue to gain ground,
            increasing by one point annually to solidify the number two
            position in the rankings.


    Snapshot of Confidence in Leadership Survey Results

    Credibility of Leadership Scores:
    --  Overall credibility of leadership globally is down one point from
2010.


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    Category                        Q1 2011   2010  Change
    Own Leadership Ability               87     88       -1
    Direct Reports' Leadership
     Ability                             74     75       -1
    Boss' Leadership Ability             71     73       -2
    Company Management's
     Leadership Ability                  71     73       -2
    CEO's Leadership Ability             76     76        0
    ------------------------            ---    ---      ---
    Board of Director's Leadership
     Ability                             71     71        0
    ------------------------------      ---    ---      ---
    Global Average for Credibility
     of Leadership                       75     76       -1
    ------------------------------      ---    ---      ---
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    Region                          Q1 2011   2010  Change
    North America                        76     77       +1
    Asia Pacific                         76     71       -5
    Central/South America                80     77       -3
    ---------------------               ---    ---      ---
    Europe                               73     72       -1
    ------                              ---    ---      ---







    Trust in Leadership Scores:
    --  Trust in Leadership fell two points to 78 on the index, with every
        single category losing ground.  Only North America saw improvement in
        the Trust in Leadership score, increasing by two points.


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    Category                         Q1 2011   2010  Change
    Our business consistently
     adheres to the highest
     standards of business conduct        82     81       -1
    The company operates with the
     highest set of ethical
     standards                            82     81       -1
    All employees understand and
     follow our code of conduct           79     78       -1
    Our leaders are models of
     ethical business conduct             80     78       -2
    -------------------------            ---    ---      ---
    Leaders are quick to admit
     mistakes and accept
     responsibility                       69     67       -2
    --------------------------           ---    ---      ---
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    Category                         Q1 2011   2010  Change
    --------                         -------   ----  ------
    North America                         81     79       +2
    Asia Pacific                          74     79       -5
    Central/South America                 79     83       -4
    Europe                                70     74       -4
    ------                               ---    ---      ---
    Global Average for Trust in
     Leadership                           78     80       -2
    ---------------------------          ---    ---      ---




    Direction of Leadership Scores:

    --  The direction of leadership - measured on a -100 (getting worse) to
        +100 (getting better) scale - gained seven points (from 20 to 27), an
        all-time high. Only Asia Pacific lost ground in the Direction of
        Leadership score, dropping 10 points from 34 to 24.



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    Region                          Q1 2011     2010 Change
    North America                            18    9         +9
    Asia Pacific                             24   34        -10
    Central/South America                    57   50         +7
    ---------------------                   ---  ---        ---
    Europe                                   29   16        +13
    ------                                  ---  ---        ---
    Global Average for Direction of
     Leadership                              27   20         +7
    -------------------------------         ---  ---        ---



    Characteristics of Leadership Scores:
    --  Strategic skills are the most important leadership factor according to
        global executives, followed by Personal and Interpersonal Skills. The
        seven factors in the ranking are based on Korn/Ferry's proprietary
        leadership assessment tools.
    --  Following are the most significant leadership factors ranked by global
        executives by allocating 100 points across all factors:



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    Global Skill            Global     Europe     North     Central/  Asia
                                        Index
    Rank                    Index       Score     America   South     Pacific
                            Score                           America
       1   Strategic Skills         18         19        18        18       17
            Personal and
            Interpersonal
       2    Skills                  17         17        17        18       15
       3   Energy and Drive         14         14        13        14       15
            Managing
            Financial
       4    Performance             14         14        14        15       15
       5   Courage                  13         12        13        12       13
       6   Operating Skills         13         13        14        12       14
      ---  ----------------        ---        ---       ---       ---      ---
            Organizational
            Positioning
       7    Skills                  12         12        12        12       11
      ---  ---------------         ---        ---       ---       ---      ---




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The margin of error within each wave is +/- 4.4%. For complete survey results, please visit www.kornferryinstitute.com.

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About The Korn/Ferry InstituteThe Korn/Ferry Institute was founded to serve as a premier global voice on a range of talent management and leadership issues. The Institute commissions, originates and publishes groundbreaking research utilizing Korn/Ferry's unparalleled expertise in executive recruitment and talent development combined with its preeminent behavioral research library. The Institute is dedicated to improving the state of global human capital for businesses of all sizes around the world.

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    About Korn/Ferry International
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Korn/Ferry International, with a presence throughout the Americas, Asia Pacific, Europe, the Middle East and Africa, is a premier global provider of talent management solutions. Based in Los Angeles, the firm delivers an array of solutions that help clients to attract, deploy, develop and reward their talent. Visit www.kornferry.com for more information on the Korn/Ferry International family of companies, and www.kornferryinstitute.com for thought leadership, intellectual property and research.

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SOURCE Korn/Ferry International

For further information: Mary Beth Barron, +1-312 526-0582, +1-312-543-0150 (cell), marybeth.barron@kornferry.com, or Kevin Oates, +1-310-295-3320, +1-310-869-7519 (cell), kevin.oates@ketchum.com Web Site: http://www.kornferry.com

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