Many background checks stop at the basic necessities. Criminal, civil, bankruptcy, and dates of employment are among the few areas searched. Even then, these searches tend to limit themselves to the past 7 to 10 years. It is not enough for an executive to graduate from Harvard with a MBA. Never filing for bankruptcy is a plus, but you need to know more. What does their credit history look like? If they can not manage their personal finances, what can you expect for your business finances. Their lack of financial stability makes them vulnerable and a potential security risk to your organization.
The usual pre-employment background check tends to establish the bare minimum of “hireability.” These usually flag major indiscretions, like arrest, identity fraud, or civil judgments. They also include motor vehicle reports, education, and employment verification, rehire eligibility, and criminal records. Sometimes this process is automated.
Executive background checks require a crystal clear understanding of who this person is. Consider that most background checks completely ignore a person’s social media history. Hiring somebody who has made public inflammatory comments is a PR nightmare in the making.