UK watchdog kicks off search to provide guidance on better succession planning following notable failures.
High-performing executives are not being helped to find non-executive roles in enough numbers, according to a discussion paper from the UK financial watchdog. The Financial Reporting Council’s (FRC) consultation on succession planning says the body’s initial evidence suggests a non-executive role is a “valuable development opportunity”, but it doesn’t happen enough. “There are some good examples of such programmes, but insufficient evidence from our research that this is taking place on any scale," the paper says. "It has also been suggested, however, that such schemes have limitations in terms of the time available to executives and t