With increasingly complex skills requirements and an upturn in surprise executive exits, are the dynamics of CEO succession planning changing?
We sought input from management and directors on how boards today are thinking about this critical responsibility and potentially changing their approach.
Our short survey asked:
- Does your organization have a succession plan in place for the CEO?
- Has your company/board of directors changed the CEO succession profile (the skills, experience, and characteristics required for the position) within the past three years?
- Have you taken any compensation actions for key succession candidates within the past five years and if so, what actions?
Here we offer the results, which were further discussed in a subsequent webcast with the NACD: A New Lens on CEO Succession Planning