For Boards, CEO succession is of the upmost importance. We approach succession in a structured and systematic way, based around the following key questions:
Has the Board clarified the business strategy for the next 10 years and what are the key leadership challenges?
Has the Board identified the internal candidates and assessed them against this leadership profile?
Has this information been reviewed, debated and agreed upon?
Has the Board made a series of contingency plans vis a vis potential internal candidates and external candidates?
We have a strong track record of working with CEO’s to manage succession in the Executive team.