Business needs are constantly changing. A company’s direction today may look very different from what it was only a few years ago, and the corporate leadership should reflect that. Having the right talent at the top and a continuity of leadership makes the difference.
According to a recent survey conducted by another consulting firm, corporations across the board believe CEO succession planning is key part of corporate governance. The problem? Only about a 1/3 of the companies surveyed actually have a succession plan in place.
The result is no plan for the future and (even worse) no leadership for the present should the current CEO leave. If you want to be ready for the challenges of tomorrow, start preparing today. As executive recruiters involved in the CEO succession process, we’ve seen it happen time and time again: companies that plan ahead stay ahead.
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