Spencer Stuart: CEO Succession: Managing A Successful Outcome — Virtually
In the midst of the turmoil, a key question for chairmen, CEOs, nomination committees and CHROs is how to keep pace with — if not accelerate — executive succession practices and ensure timely completion.
As we observe and learn from the evolving situation, here are some recommendations for how to manage increasingly virtual board and C-level succession processes with a successful outcome.
- A future role specification aligned with the board’s expectations
- A stringent research strategy
- Thorough assessment of internal and external talent
- High-quality, comprehensive material about candidates
Along with these recommendations, Spencer Stuart outlined five steps that will help you manage C-level succession in a digital environment.