
Paying For Succession
When it comes to succession planning, a new study by CBM and Farient Advisors finds compensation committees moving deeper into succession planning—but directors say pay should support the process, not become the strategy.

When it comes to succession planning, a new study by CBM and Farient Advisors finds compensation committees moving deeper into succession planning—but directors say pay should support the process, not become the strategy.

A Corporate Board Member/Farient Advisors report on how compensation committees are moving closer to succession planning—and what boards need to know before pay becomes the emergency lever.

The number two role offers an extraordinary vantage point and genuine preparation for the top job. But the moment the promotion happens, the structure changes, the exposure expands and the decisions carry a different weight.

The biggest opportunity is emerging before the search begins.

The central question is no longer whether your board has the right leader at the top, but whether your board has the lens to know.

BP’s leadership turmoil may look like a hiring problem, but it points to a deeper governance challenge, with research suggesting boards spend enormous effort selecting leaders and far too little helping them succeed.