ASSOCIATION OF EXECUTIVE SEARCH CONSULTANTS

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1 ASSOCIATION OF EXECUTIVE SEARCH CONSULTANTS The Worldwide Association for Retained Executive Search Consulting Firms

2 About AESC AESC Membership FAQs About AESC 2006 AESC Leadership AESC Board of Directors Council of the Americas Council of Europe, the Middle East, and Africa Council of Asia Pacific AESC Staff

3 AESC MEMBERSHIP Commitment to worldwide professional and ethical standards is of the utmost importance in the modern global marketplace. The role of the AESC is increasingly important in this regard, as we seek to uphold and promote the highest possible standards in the profession of retained executive search. A Commitment to Quality AESC members comprise an elite group of top tier retained executive search firms. All members agree to abide by the Association s Code of Ethics and Professional Practice Guidelines and meet strict membership criteria. Selection into AESC membership is the only form of quality accreditation that exists for retained executive search consulting. Many leading organizations such as Bank of America, IBM, and the Red Cross, now require that search consultants under their employ should either be AESC members or at least formally commit to the AESC standards of Ethics and Professional Practice. Representing Executive Search AESC works to raise the profile of its members and of retained executive search to the client and candidate communities. The association represents and protects the interest of the profession worldwide on issues such as data privacy, state licensing, and employment laws. A Worldwide Professional Community AESC Membership includes many of the leading large, medium and boutique retained executive search consulting firms around the world, with offices in more than 70 countries. The AESC sets standards which define the values of our profession. We are proud to belong to an association which stands for and promotes the highest level of client service embodied in its Code of Ethics and Professional Practice Guidelines. David S. Daniel, CEO, Spencer Stuart The Worldwide Association of Retained Executive Search Consulting Firms 2

4 FAQS ABOUT AESC What is the AESC? The Association of Executive Search Consultants (AESC) is the professional association representing retained executive search consulting firms worldwide. When was the AESC founded? AESC was founded in Where is the AESC located? AESC is a global organization with its headquarters in New York City and a European office in Brussels. Who are AESC members? The Association consists of quality retained executive search firms that are committed to the high standards of professional practice outlined in the AESC Code of Ethics and Professional Practice Guidelines. AESC members range in size from small boutique search firms, to mid-size firms and large global organizations. In total AESC members employ some 4000 consultants in 1000 offices in 70 countries worldwide. What is the mission of the AESC? The AESC s mission is to promote the highest professional standards in retained executive search consulting, broaden public understanding of the executive search process, and serve as an advocate for the interests of its member firms. Who are the leaders of the AESC? The AESC is governed by three regional councils that meet three times a year: Council of the Americas; Council of Europe, Middle East, and Africa; and Council of Asia Pacific. The AESC Board of Directors has oversight for the Councils, meets quarterly, and consists of the officers of the Councils. How can my firm become a member? Retained executive search firms are admitted to membership after submitting an application which includes references from existing members of the AESC and clients, an on-site review of their business practices and procedures, and election by the membership committee and regional council. The Worldwide Association of Retained Executive Search Consulting Firms 3

5 2006 AESC BOARD OF DIRECTORS Jean Van den Eynde, Russell Reynolds Associates, Chair Charles Wardell III, Korn/Ferry International, Vice-Chair W. Carl Lovas, Ray & Berndtson, Treasurer Ulrich Ackermann, TRANSEARCH International Charles Bien, Boyden Anders Borg, Hansar International/Penrhyn Steve Fisher, A.T. Kearney Executive Search Lawrence J. Holmes, Columbia Consulting Group Marc Lamy, Boyden Luca Pacces, Spencer Stuart Nirmit Parekh, 3P Consultants/Penrhyn John Peebles, John Peebles Associates Les Stern, Heidrick & Struggles Vincent Swift, Transearch International The Worldwide Association of Retained Executive Search Consulting Firms 4

6 2006 COUNCIL OF THE AMERICAS Charles Wardell III, Korn/Ferry International, Chair Steve Fisher, A.T. Kearney, Vice-Chair W. Carl Lovas, Ray & Berndtson, Secretary / Treasurer Luiz Carlos Cabrera, Panelli Motta Cabrera & Associados / TAHG Susan Chadick, Gould, McCoy, Chadick & Ellig Paul W. Czamanske, The Compass Group J. Kevin Day, Day & Associates Jay Gaines, Jay Gaines & Company, Inc. Terence Gallagher, Battalia Winston International James N. J. Hertlein, Boyden Lawrence J. Holmes, Columbia Consulting Group Daniel A. Kaplan, Christian & Timbers Michael Kelly, Michael Kelly Associates George Madden, Pinton Forrest & Madden Sarah Marks, The Executive Source Albert McAulay, The McAulay Firm Joanna Miller, Russell Reynolds Associates David Moyer, Moyer, Sherwood Associates David Preng, Preng & Associates, Inc. Patrick M. Prout, The Prout Group Robert Shields, Spencer Stuart Leslie Stern, Heidrick & Struggles Sarah Stewart, Boardroom Consultants Dominique Virchaux, Virchaux & Partners Warren Wasp, Jr., WTW Associates The Worldwide Association of Retained Executive Search Consulting Firms 5

7 2006 EUROPE, MIDDLE EAST, & AFRICA COUNCIL Jean Van den Eynde, Russell Reynolds Associates, Chair Ulrich Ackermann, Transearch International, Vice Chair Anders Borg, Hansar International/Penrhyn, Treasurer Xavier Alix, Ray & Berndston Alberto Amaglio, Korn/Ferry International Jean-Michel Beigbeder, Jean-Michel Beigbeder & Partners/CEO Search Jorge Boixeda, Exeller Francois Carn, Groupe Mercator Jean-Philippe Caude, Leaders Trust International Michel Coucke, Lancor Group Karla Dorsch, The Piedmont Group Radu Furnica, Leadership Development Solutions Andrew Garner, Garner International Roddy Gow, Gow & Partners Glenn Irvine, Glenn Irvine International Serif Kaynar, K Partners International Anna Koff, RosExpert Executive Search Serge Lamielle, Neumann International AG Marc Lamy, Boyden Emeric Lepoutre, Heidrick & Struggles Richard Lewis, Marlborough Anders Lindholm, Mindoor Executive Search Jana Martinova, Accord Group ECE Thierry Mercier, Mercier & Partners Curly Moloney, Moloney Search Gerard Nauwelaerts, The Amrop Hever Group Jon Nedelcu, Nedelcu & Company GmbH Luca Pacces, Spencer Stuart Jeanine Panteix, Meridian The Worldwide Association of Retained Executive Search Consulting Firms 6

8 2006 EUROPE, MIDDLE EAST, & AFRICA COUNCIL (continued) Rudolf Schicker, Atkinson Stuart Management AG Hilary Sears, A.T. Kearney Executive Search Eric Singer, Singer & Hamilton Richard Taunton, Bao & Partners Aileen Taylor, Eric Salmon & Partners Brian Ward, MERC Partners Global Executive Search Peter Woods, Euromedica Plc. Lorenzo Zavala, Zavala Gortari Asociados The Worldwide Association of Retained Executive Search Consulting Firms 7

9 2006 ASIA PACIFIC COUNCIL Vincent Swift, Transearch International, Chair John Peebles, John Peebles Associates, Vice Chair Charles Bien, Boyden, Treasurer Walter Ames/John Carroll, A. T. Kearney Chew Choon-Soo, Russell Reynolds Adrian Overholser, Bennett Associates Colin Durand and Malcolm Duncan, The Insight Group Patrick Haro, PHR Group Charles Moore/James Gathercole, Heidrick & Struggles Bill Kett/Charlie Kingdon, KPMG Australia Helen Kwon, Search International Jimmy Loh, Ray & Berndtson Richard Marshall, Asia Partnership Harry O Neill, Whitney Group Nirmit Parekh, 3P Consultants/Penrhyn Allan Laurie, NORS Partners Charles Tseng, Korn/Ferry International Jesus Zulueta, Signium International The Worldwide Association of Retained Executive Search Consulting Firms 8

10 AESC STAFF Peter Felix President Brigitte Arhold Director, Europe, Middle East, and Africa / Government Affairs ~ Brussels Office Douglas Baker Executive Assistant Kathryn Braine Director of Finance and Administration Allison Cheston Chief Marketing Officer Nancy DeKoven Director of Membership and Programs Della Giles Director of BlueSteps and Technology Daniel Hall Chief Strategy and Development Officer ~ Brussels Office Christine Hayward Director of Asia Pacific Glenda Brown Sponsorship Consultant Claire Davies Sponsorship and Events Assistant Matt Helbing Webmaster Julie Hong Marketing and Communications Manager MaryEllen Iatropoulos Campus Assistant Neil Leacock BlueSteps Assistant Veronique Pole Office Manager ~ Brussels Office Natasha Renton European Marketing Associate ~ Brussels Office Julia Rozenfeld Database Manager Chris Sederstrom Manager, Asia Pacific & Operations Brett Wiltsek BlueSteps Content Management and Customer Service The Worldwide Association of Retained Executive Search Consulting Firms 9

11 The AESC Community Overview Conferences and Events Small Firms Forum Researchers Networking Group Researchers Summit

12 THE AESC COMMUNITY AESC membership today stands at its highest ever, offering members the opportunity to be affiliated with an elite community of top-tier search firms. Niche communities of interest within membership offer networking and knowledge sharing opportunities. Elite Executive Search Community Membership in the AESC is an endorsement of the best professional practices and indicates a commitment to helping the client receive best value from executive search. AESC membership is the only form of official differentiation that exists for top quality retained executive search firms within the recruiting industry. Global Community AESC membership is a global community, with member firms in more than 70 countries around the world. The association is based in New York City, with a European office in Brussels. Governing Councils include the Americas; Europe, Middle East, and Africa; and Asia Pacific. There is a Board of Directors overseeing the Councils. Conferences and Events Events such as the annual North American and European member conferences provide opportunities for networking and discussion as well as illuminating presentations and panel discussions from industry thought leaders. Smaller events such as the Researchers and Associates Summit and Small Firms Forum provide similar opportunities in a more focused environment for smaller communities of interest. Prominent business, academic, and government leaders speaking at past events have included Reuben Mark, Chairman and CEO, Colgate-Palmolive; Antonio Borges, former Dean of INSEAD and Vice Chairman, Goldman Sachs Europe; Thomas Tierney, Director and former CEO, Bain & Co.; Dr. Andrzej Olechowski, former Minister of Foreign Affairs and Foreign Minister of Finance, Poland; Arthur Levitt, former Chairman, Securities and Exchange Commission, US; Rudy Provoost, CEO, Philips Consumer Electronics and President, EITCA; Jane Friedman, CEO Harper Collins Publishers; Drs. Nicolaus Henke and Bernd Uhe, Principals, McKinsey & Company; Arthur Martinez, former CEO, Sears Roebuck; Professor Lynn Sharpe Paine, Havard Business School; Sir Howard Davies, Chairman, Financial Service Authority and Director, London School of Economics; Sumantra Goshal, Professor of Strategy, London Business School; Jordi Canals, Dean of IESE; Jan Smets, Director, National Bank of Belgium; Rob Kuijpers, SN Brussels Airlines; and Professor Jeffrey Sonnenfeld, Yale School of Management. The Worldwide Association of Retained Executive Search Consulting Firms 11

13 AESC COMMUNITY Small Firms Forum A community of interest for smaller firms within AESC membership, the forum consists of face-to-face gatherings around the world, telephone conference calls, and interactive e-newsletters. There is discussion of best practice and collation of data and information that can be shared. Many AESC members who participate in the Small Firms Forum cite it as the most important benefit of membership. As the forum increases in depth and expands around the globe it becomes even more valuable as a source of information, best practice and a business development tool. Topics of discussion include: The structure and management of the firm Risk mitigation Equity/partnership arrangements Exit/sale strategies Compensation schemes Recruitment and retention of staff Professional standards and ethical issues Standard agreements and terms of doing business The competitive marketplace Improving presentation and marketing skills Technology solutions Diversification Performance metrics The program is chaired by a Council Member and is defined by common consent. Researchers Networking Group The AESC recognizes the challenges that many researchers face as they perform the research function. To address the needs of this important group of executive search professionals, the AESC has created the Researchers Networking Group. An online forum linking over 1,100 researchers and associates worldwide, the RNG is a highly successful community of interest which gives researchers a venue to discuss important research topics, and share their views and knowledge on research tools and best practices. Recent topics of discussion included: Secrets of getting past the gatekeeper Advantages / disadvantages of using online job boards Recommendations on background checking firms Finding the top 20 direct marketing agencies Helpful websites for research Transitioning from a pure research role to a consultant / associate role Effective protocols for handling unsolicited resumes Developing a resource center for members Researchers Summit The strength of the Researchers Networking Group led to Researchers Summits held in New York and London. They focused on topics such as Business Development, Knowledge Management and Research Tools. The Worldwide Association of Retained Executive Search Consulting Firms 12

14 AESC Services AESC Campus Search Connect BlueSteps Members Section of AESC.org AESC Marketplace

15 AESC SERVICES AESC Campus AESC Campus is an exclusive education and training resource accessible via the AESC s website, org. It has been developed to assist AESC members in mastering the core competencies of executive search consulting. AESC Campus currently offers online courses and expert forums conducted via conference call. An experienced consultant or researcher can use a single course to hone a skill, or a packaged series can be used to provide a solid base for an entry-level hire. Online Training Courses These courses employ an easy-to-use combination of slides and audio, and are delivered 24 hours a day via the Internet at your convenience. Consultants can take the following courses online: Due Diligence in Executive Search: Background and Reference Checking Effective Interviewing The Researchers and Associates Training Course is a six-part course that provides a full set of best practices and tools for the researcher and associate. Members can register to take the complete six-part course or take each module separately. Featured modules include: Expert Forums Creating a Search Strategy Framework for Effective Research Telephone Name Generation for the Research Professional Candidate Outreach and Qualifying Candidate Development and Client Management Reference Checking For Associates Expert forums are one-hour expert-led discussions held via teleconference. They are developed for consultants, associates and researchers to enhance their knowledge and skills. This year, topics included: Executive and board compensation Building client relationships Maximizing source calls Getting past the gatekeeper Pitching a search Building rapport with sources and candidates Qualifying prospects over the telephone Managing candidate objections Managing and maintaining candidate interest How to turn down an unsuitable candidate For a complete set of current AESC Campus offerings, go to. The Worldwide Association of Retained Executive Search Consulting Firms 14

16 AESC SERVICES SEARCHCONNECT and SEARCHALERT SearchConnect AESC is building important connections with the corporate community to promote the value of working with AESC member firms. Member firms receive exposure to new clients via SearchConnect, the online directory of AESC members. Firms list their functional, industry and geographic specialties and list as many of their consultants as they wish. Members of the corporate community can search the AESC member firms by any combination of criteria and view each firm s AESC profile. SearchAlert The AESC Referral Service, SearchAlert, enables potential client companies to fill out an RFP (request for proposal) for a particular hiring assignment. RFPs that match a firm s industry, functional and geographic specialties will be sent directly to the firm for consideration. This is an anonymous matching process the firm makes the final determination to respond to the company posting the RFP. Our client communication strategy, which is increasing the AESC s visibility within the corporate community, has resulted in a record number of RFPs submitted in 2005 and subsequent retention of AESC member firms. BlueSteps An online candidate database offered exclusively and free to AESC members. Fast Growing Database of High-Level Executives BlueSteps is the largest global online community of senior executives looking to stay current in the career marketplace. As a service of the AESC, BlueSteps enables executives to remain exclusively accessible to its member firms. Over 26,000 senior executives, with an average salary of $220,000, are listed in the database. Executives from all over the world are represented. Manage Unsolicited Resumes BlueSteps is also a great tool for managing unsolicited resumes as well as an additional resource in the initial candidate and source identification process. Members have free and unlimited access to executives who register, without incurring the time or administrative costs of maintaining the data in-house. Executives log in regularly to keep their data current. AESC members can use BlueSteps to: search the database for executives who meet the criteria of a position. send targeted position descriptions out to executives meeting specific criteria to gauge interest. The Worldwide Association of Retained Executive Search Consulting Firms 15

17 AESC SERVICES Members Section of AESC.org Certain sections of the AESC website are password-protected, developed exclusively for members to keep them informed on topical issues, share best management practices, promote professional standards, and understand the client s perspective. A sample of information currently on the site includes: Sample Letter of Engagement Summary 2004 Survey of Equity Structures and Compensation at Member Firms Sample Candidate Release Letter Articles written by leading authorities on executive and board compensation, and on corporate governance. Views from the client on penalties for off-limits, and on executive talent management AESC Special Offers A high quality selection of services such as background checking, consulting, research tools, and news resources from AESC partners are presented, and there are selective opportunities for discounted AESC member rates. The Worldwide Association of Retained Executive Search Consulting Firms 16

18 Legislative & Legal Initiatives Overview 18

19 LEGISLATIVE & LEGAL INITIATIVES AESC is acknowledged as the representative body for the retained executive search profession by the US Government and the European Commission, and regularly monitors legislation that can affect executive search, including data privacy, state licensing and employment laws. Industry Classification of Executive Search Consulting The AESC was successful in advising the US Department of Labor on a revision to the SIC Codes which led to reclassification of Executive Search Consulting from Employment Agencies to becoming a specific sub-category under Management Consulting. This has important and positive implications relating to licensing and taxation issues. The AESC is now investigating other jurisdictions, around the world, to ensure that retained executive search is correctly classified under management consulting and not grouped with other recruiting services which require different skills, professional standards and ethics. Legitimacy of Executive Search As governments around the world tighten their data security laws, no individual firm can hope to keep abreast of the requirements nor to represent its views in a significant manner alone. Aileen Taylor, Consultant, Eric In some countries Executive Search is still not fully accepted Salmon & Partners by governments as a legitimate and important professional service in the modern economy. Examples include the Republic of China where, although restrictions are now easing, there are still significant inhibitions to the free practice of Executive Search. The AESC, through the involvement of its members in these markets, is striving to ensure that executive search becomes recognized as a valuable service and is accorded proper status as a valid management consulting process. Data Privacy The AESC monitors worldwide developments in Data Privacy legislation and their impact on executive search. AESC Europe has been in negotiations with the EU Commission since 2000 to develop a Code of Conduct that will achieve consistent compliance with the EU Data Privacy Directive but also enable executive search to function without significant inhibition. Legal Challenges From time to time the AESC will advise on lawsuits involving AESC member firms where an issue of common practice arises. Recent cases have involved a lawsuit for tortious interference with a contract of employment against a member firm in the USA, and an action against search firms in Germany for contacting potential candidates while at their place of work. In both cases the AESC followed the lawsuits carefully and was ready to provide assistance as appropriate. This may have involved amicus briefs and a petition to the European Court. The Worldwide Association of Retained Executive Search Consulting Firms 18

20 Membership AESC Membership Criteria AESC Members 20 21

21 AESC MEMBERSHIP CRITERIA Classes of AESC Membership Global membership: Retained executive search firms with offices in more than one region of the world (the Americas, Europe, Middle East, and Africa, and Asia Pacific). Dues are based upon a graduated scale relating to the number of consultants. Firm Membership: Retained executive search firms with offices in only one region. Dues are based upon a graduated scale relating to the number of consultants in the firm. Membership / Eligibility Criteria To be eligible for membership prospective members must: be a retained executive search firm comply with the AESC Code of Ethics and Professional Practice Guidelines be in good standing in the executive search community provide 2 references from consultants in different AESC member firms provide client references Membership Application Process Prospective member firms are invited to complete an application form available from the AESC website,, or contact: Americas: Nancy DeKoven, phone: ext. 226 Asia Pacific: Christine Hayward, phone: ext. 234 Completed forms may be ed or sent to AESC, 12 East 41st Street., 17th Floor, New York, NY Europe, the Middle East, and Africa: Daniel Hall, phone: Completed forms may be ed or sent to AESC Europe, Rue Washington 40 Box 20, 1050 Brussels, Belgium. Information disclosed in the application form is kept confidential with the AESC secretariat. Recommendations: Prospective member firms identify a consultant in two AESC member firms who will sponsor their application. The AESC will then contact these 2 sponsors, asking them to recommend membership. Site Visit: A member of one of the AESC regional councils visits the offices of the prospective member firm to verify the firm s compliance with membership criteria and explain the benefits and services of AESC. Council Review: The application is reviewed by the appropriate AESC regional council for approval. The Worldwide Association of Retained Executive Search Consulting Firms 20

22 AESC MEMBERS 3P Consultants A.T. Kearney Executive Search Acteurop Advantage Executive Recruitment Alexander Associates Allen Austin Executive Search The Amrop Hever Group MV Amrop International Anderson & Associates Anderson Partners The Asia Partnership Atkinson Stuart Avery James Inc. Baker Parker Associates Bao & Partners Battalia Winston International, Inc./Accord Group Martin H. Bauman Associates, LLC The Bedford Consulting Group Inc. Jean-Michel Beigbeder & Partners / CEO Search Bell McCaw Bampfylde Ltd. Bennett Associates Limited Bialecki Inc. Bishop Partners, Ltd. BJW Executive Search Blair & Company Boardroom Consultants BoardWalk Consulting LLC Bonell Ryan Inc. Boyden Bridgestar Brigham Hill Consultancy Buffkin & Associates, LLC The Caldwell Partners Capstone Partnership CareerSmith Carrington & Carrington, Ltd. Causa Consulting CHM Partners International / EMA Christian & Timbers Christopher Mill & Partners Clarey Andrews & Klein, Inc. Coleman Lew & Associates, Inc. Columbia Consulting Group, Inc. Compass Group Ltd. Conteven C.A. Conway & Greenwood Inc. Cordiner King Cornell International Crease Consultores Cromwell Partners Crowe-Innes & Associates Curran Partners, Inc. D.P. Parker and Associates, Inc. Daubenspeck and Associates, Ltd. Day & Associates Delectus Hever AB DELTA Managment Consultants GmbH Devine Capital Partners, LLC Dieckmann & Associates, Ltd. Robert W. Dingman Company, Inc. The Diversified Search Companies Dobroy & Partners International Dowd Associates Dr. Besmer Consulting Dr. Kaufmann & Partner Dr. Prasuhn & Partner Dynatech Business Associates Inc. Ecker & Partner The Worldwide Association of Retained Executive Search Consulting Firms 21

23 AESC MEMBERS EFL Associates Engels & Harzheim Enns Partners Inc. Epsen, Fuller & Associates EuroGalenus Euromedica Group Executive Consultants International The Executive Edge Executive Search Baltics OÜ Executive Search International Limited The Executive Source (Canada) The Executive Source (US) Exeller Fagerström, Heikel & Nuutinenn Oy Ab Ferneborg & Associates, Inc. FESA Global Recruiters Fiderion Financial Services Group Fish & Nankivell Ogilvie Watson Pty Francis & Associates Jay Gaines & Company, Inc. Gardiner International Garner International Glenn Irvine International Gould, McCoy, Chadick & Ellig Gow & Partners Grace Company Executive Search Grisham Group LLC Groupe Hébert Groupe Mercator Gundersen Partners Halbrecht Lieberman Associates, Inc. Hampton Consulting, LLC Hansar International Heidrick & Struggles Herbert Mines Associates, Inc. Herrerias & Associates Higdon Partners Hines & Company Hodge, Niederer & Cariani, LLC The Holman Group, Inc. J.B. Homer Associates, Inc. Hommes & Enterprises HR Exsel Ltd. HRD Consultants Inc. Hunt Howe Partners, LLC HVS Executive Search The Insight Group Jenewein & Partners Jomon Associates K Partners International Kaplan & Associates, Inc. KBS Associates Ltd Kendrick Executive Resources, Inc. Kincannon & Reed Kinser & Baillou Kohlmann & Young Management Consulting Korn/Ferry International KPMG Executive Search/Australia Lachner Aden Beyer & Company GmbH LAN Partners sp. z.o.o. Lancor Group Landelahni Amrop Hever Lang, Boyer & Associates Leadership Development Solutions Leaders-Trust International Leading Executives International Legacy Executive Search Partners Inc. Lovett and Lovett Inc. The Worldwide Association of Retained Executive Search Consulting Firms 22

24 AESC MEMBERS The John Lucht Consultancy Inc. Magellan International, L.P. Martin Partners, L.L.C. The McAulay Firm McEvoy Associates, Ltd. Clarence E. McFeely, Inc. The McIntyre Company Mercier & Partners MERC Partners Meridian Meridian Partners Michael Kelly Associates Michael Hunter & Associates Michel Pauzé & Associés Millbrook Partners Mindoor Executive Search Moloney Search Moyer, Sherwood Associates MSA Executive Search Nedelcu & Company Neumann International Neusearch Nordeman Grimm Norman Broadbent NORS Partners The Onstott Group, Inc. O Shea Divine & Company / EMA Osprey Clarke Executive Search Dennis P. O Toole & Associates, Inc. Panelli Motta Cabrera & Associados Patricia Wilson Associates John Peebles Associates, Ltd. Penrhyn International PHR Group Asia Pacific Pte Ltd. Pinton Forrest & Madden / EMA Partners Intl. Preng & Associates, Inc. ProSearch, Inc. The Prout Group, Inc. Raines International Ray & Berndtson Reeder & Associates Ltd. Referal Partners International Rhodes Associates Robinson Consulting Group Ropes Associates, Inc. RosExpert Rossignol Tod & Associes Roy C. Hitchman AG Rurak & Associates, Inc. Rusher, Loscavio & LoPresto Russell Reynolds Associates, Inc. RZL Y Asociados Del Norte Eric Salmon & Partners Salveson Stetson Group, Inc. Saxton Bampfylde Hever Scandinavian Search & Selection Search International SeBA International, LLC Security and Investigative Placement Consultants Seeliger y Conde Shimamoto Partners SH-Search Signium International Signium World Executive Search SIMS Singer & Hamilton Skott Edwards Consultants Smith and Syberg, Inc. The Worldwide Association of Retained Executive Search Consulting Firms 23

25 AESC MEMBERS Sockwell & Associates Spencer Stuart Stein & Partner Management Consulting Sunny Bates Associates Susan Goldberg Executive Search Synergistics Associates Ltd. Thacher Executive Search Top Business Consultant Services Top Management TRANSEARCH International Partners plc Tyler & Company Unico Search The Verriez Group Inc. Virchaux & Partners Voyer International Watermark Search International Whitney Group Janet Wright & Associates WTW Associates, Inc. Wyatt & Jaffe Zavala Gortari AsociadosMeridian The Worldwide Association of Retained Executive Search Consulting Firms 24

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