Research finds that forced exit of CEOs is falling while planned succession is dominating.
Boardroom. Photo: Alex, Flickr
The number of CEOs forced out of their jobs at the world’s top 2,500 companies has dropped significantly, while “planned succession” reached record levels in 2014, according to consultants.
Writing for the Harvard Business Review, Per-Ola Karlsson, a partner at Strategy&, part of the PwC network, said: “The fact that succession rates are more universally aligned is a sign of continued globalisation. Governance practices have been converging steadily since 2000, capital has become increasingly mobile, and senior leaders at the largest corporations find themselves, more and more, facing the same kinds of challenges and opportunit
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda