Succession Planning

Can your succession planning strategy survive the first engagement?

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Heidrick & Struggles: Taking the Emergency out of Emergency Succession Planning

Heidrick & Struggles’ recent article discusses how boards can make a habit of emergency succession planning to ensure that they have a robust plan in place. 

 

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Russell Reynolds Associates: Video Series- Interview with Unilever Chairman

Russell Reynolds Associates sat down with Michael Treschow, chairman of Unilever. In the interview Michael Treschow discusses the role of the chairman in the succession process.

 

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TRANSEARCH: How Succession Uncertainty Impacts Performance

There is always cost associated with uncertainty. That is especially true when it comes to managing a change in leadership. In a recent article, TRANSEARCH addresses how succession impacts performance.

 

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MERC Partners: Succession Planning—Managing the Pipeline of Talent

Change is inevitable and it will affect every organization. While many organizations have succession plans in place, this does not mean they have a viable replacement for the departing executive. MERC Partners found that 6 in 10 participants said their company had a succession plan, but 80% said their company would need at least a year to find their replacement.

 

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Spencer Stuart: Executive Onboarding

In a recent report Spencer Stuart finds that when it comes to hiring, it can take several months and significant resources. Yet, onboarding does not receive the same level of effort as the hiring process. This trend is not only common but costly, 40% of the executives who change roles or get promoted fail in the first 18 months.

 

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Russell Reynolds Associates: CEO Succession in the Family-Controlled Firm

The influence of family-controlled firms has been increasing globally.  It is estimated that family businesses create 70- 90% of global GDP. In a recent article, Russell Reynolds Associates find several factors family-controlled companies must consider during the succession process.

 

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Heidrick & Struggles: Going Beyond Traditional Board Succession Planning

When it comes to filling a position, many boards replace departing board members with someone who possesses similar experiences—a CFO with a CFO. A recent report by Heidrick & Struggles finds that successful boards go beyond simply filling the vacancy. They instead engage in succession planning and look ahead to the talent implications of the company’s strategic priorities.

 

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Spencer Stuart: Succession Planning For the Board

Industries constantly undergo some form of transformation, whether it is due to regulation, market disruption, innovative technology, new business models, or other forms of competitive pressure. For this reason, boards should evolve in similar ways to provide effective leadership when heading in a new direction or entering new regions.  A recent article by Spencer Stuart considers how boards can welcome the opportunity to change through succession planning.

 

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Pearson Partners: Gen Xers Are Critical to Succession Planning

A new report by Pearson Partners finds that when it comes to the United States’ working population, all generations are not equal. Each generation comes with different values and work styles.  The varying work styles create a range of talent-related issues for organizations, including how to attract executives at different stages in their careers.

 

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