Thursday, March 29, 2007

CEO Succession

In 2006, Hay Group surveyed executives at more than 150 companies around the world about CEO succession. To avoid a succession crisis in case of an unplanned CEO or other top executive situation, boards of companies in the most admired group:
  • Are more likely than their peers to plan long term for CEO succession.
  • Have a stronger preference for internal candidates.
  • Are more likely to receive regular updates on potential candidates for potential top leadership positions.
  • Are more frequently given information and metrics related to human capital management.

(Source: Business Week, Eur ed., March 26, 2007, no. 5)

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