Succession Planning by the Numbers: 3 Best Practices

 Posted By - Averon Solutions

 Views - 471

  1 August 2018

Most years, 10% to 15% of global corporations replace their top leaders because of resignation, dismissal, retirement, or health problems, and in 2015, more than 16% had to replace their CEOs, according to PwC research. Unfortunately, in many cases, those corporations are unprepared to hire a new leader: Almost 40% of respondents to a survey conducted by search firm Heidrick & Struggles and the Rock Center for Corporate Governance at Stanford University had no viable internal candidates who could immediately replace the CEO if needed.

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