Coping without a CEO
The sudden departure of a CEO, such as the exit of Antony Jenkins from Barclays, can leave an organisation bereft. What is the role of non-executives when no one appears to be at the helm?
With the average tenure of a FTSE 100 chief executive at five years and two months, it is highly likely that most boards will have to face the transition of the top executive position at one time or another.
Regardless of the reason for the chief executive departure, it can be an unsettling time for the organisation and is a time when the board’s non-executive directors really come into their own to ensure that the transition occurs with minimum disruption to the business.
So, what happens in the particularly difficult situation when the CEO
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
Related Stories
-
Crime fighters
With cyber-crime hitting the headlines, it's time for tech-savvy non-executives to take note. Peter Swabey explores the big questions boards need to address.
-
How the revised shareholder directive will help overcome short-termism
The EU’s amended Shareholder Rights Directive came into force in June 2017, and will be rolled out across member states by 2019. It aims to tackle short-termism among investors. But what are the law’s key elements?
-
Patagonia: the business of virtue
If Patagonia's business model is a paragon of virtue, should more companies follow suit?
