Most Global Executives Unsatisfied With Their Company's Level of Innovation, According to Korn/Ferry Executive Quiz

LOS ANGELES, June 9, 2011 -

-Sixty-Two Percent of Executives Say Responsibility for Innovation Lies
with the CEO

A majority of global executives are less than satisfied with the level of
innovation in their companies, according to a Korn/Ferry Executive Quiz
released today. The Executive Quiz, commissioned by The Korn/Ferry Institute,
surveyed executives from 50 countries about their attitudes towards
innovation within their companies.

The survey revealed that 54 percent of executives are less than satisfied
with the level of innovation in their company, with 19 percent saying they
are "very dissatisfied." Only 15 percent say they are "very satisfied" with
the level of innovation in their company.

Sixty-two percent of executives believe the CEO is most responsible for
their company's level of innovation. Further, an overwhelming 98 percent of
executives believe innovation is important for top line growth, with 2
percent saying it is "somewhat important."

"CEOs and companies talk so often about the need for innovation it is
practically a cliche, yet far too many fail to create the innovation that
drives sustainable, top-line growth," said Jane Stevenson, vice chairman and
managing director of Korn/Ferry's Board and CEO Services, and the co-author
of Breaking Away: How Great Leaders Create Innovation that Drives Sustainable
Growth - and Why Others Fail. "Companies that have truly mastered innovation
are driven by courageous leaders who understand that leadership and
innovation are inextricably linked. The accountability for sustained
innovation rests at the top."

The survey indicates that while executives view increased levels of
innovation as both desired and important, they closely align innovation with
risk. Sixty-eight percent of executives say they associate innovation and
risk closely, while 10 percent say they do not associate the two.

    1) How important do you think innovation is for top line growth?

    Very important (398)                              84%
    --------------------                             ---
    Important (68)                                    14%
    --------------                                   ---
    Somewhat important (9)                             2%
    ----------------------                           ---
    Not important (0)                                  0%
    -----------------                                ---

    2) How satisfied are you with the level of innovation in your company?*

    Very satisfied (46)                               15%
    -------------------                              ---
    Satisfied (91)                                    30%
    --------------                                   ---
    Somewhat Satisfied (106)                          35%
    ------------------------                         ---
    Very dissatisfied (57)                            19%
    ----------------------                           ---
    *Due to rounding, please note percentages do not equal 100 percent.

    3) Do you think the CEO is most responsible for the company's level of
       innovation?

    Yes (278)                                         62%
    ---------                                        ---
    No (171)                                          38%
    --------                                         ---

    4) How closely do you associate innovation with risk?*

    Very closely (88)                                 27%
    -----------------                                ---
    Closely (136)                                     41%
    -------------                                    ---
    Somewhat closely (76)                             23%
    ---------------------                            ---
    Not closely (32)                                  10%
    ----------------                                 ---
    *Due to rounding, please note percentages do not equal 100 percent.

    5) How important is corporate culture in encouraging innovation?

    Very important (426)                              89%
    --------------------                             ---
    Important (50)                                    10%
    --------------                                   ---
    Somewhat important (3)                             1%
    ----------------------                           ---
    Not important (1)                                  0%
    -----------------                                ---

Methodology

The Executive Quiz is based on a global survey of executives registered
within the firm's online Executive Center, ekornferry.com. Respondents from
50 countries, representing a wide spectrum of industries and functional
areas, participated in the most recent Executive Quiz from March 17,
2011-April 5, 2011.

About The Korn/Ferry Institute

The 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.

About Korn/Ferry International

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.

Lindsey Koh, +1-310-556-8532, Lindsey.koh at kornferry.com