Top companies report problems with CEO succession planning
Over two-thirds of FTSE 100 firms have flagged CEO succession planning as an issue to shareholders, with 13% warning about board tech skills.
Image: Ilyafs/Shutterstock
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
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