CEO succession planning is still not universal.25 percent of the KFMC companies did not specify in those public documents that they had any succession plan in place. The other 75 percent explicitly state that they maintain or review a succession plan.Many companies are unprepared for an emergency leadership transition. Only 17 percent of the companies specified that they had a plan or person at the ready in the event of a sudden CEO departure, including 4 percent that have had a stated plan for an interim CEO, 7 percent with a list of potential successors, and 6 percent that put written procedures in place.
Korn/Ferry International Releases Report On Trends In Board Governance
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