Russell Reynolds Associates: Inefficient Succession Planning Holds C-suites Back

Collaborative efforts, accountability, and future-oriented thinking are essential for the success of C-suite executives. To ensure the continuous growth and relevance of the leadership team, it is crucial to establish a strong and diverse succession pipeline that actively engages potential successors.

Russell Reynolds notes that "nearly half of board directors (49%) describe their organization’s succession planning as proactive, which is notably higher than the number of CxOs who agree (19%)."

In the article, there is an emphasis on the need for organizations to prioritize and invest in robust succession planning processes. Currently,

  • Next-generation leaders lack confidence in the succession process
  • Organizations are missing successor growth and development opportunities
  • Succession planning misalignment creates risk

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Aimee Williamson
Thought leadership category