Over two-thirds of FTSE 100 firms have flagged CEO succession planning as an issue to shareholders, with 13% warning about board tech skills.
Leadership succession has become an issue for FTSE 100 companies, with skills gaps on their boards—and technology the most widespread knowledge deficit. A survey conducted by consultancy New Street found that as many as 68% of the UK’s top 100 companies have flagged CEO succession planning as an issue to shareholders. Meanwhile, more than one in ten—13%—say their boards are in of need technology skills. According to Colin Mercer, New Street’s managing director, there could be two issues at stake: a failure to listen to HR and a business environment in which boards are forced to fight fires rather think long term. “Having