The Leadership Transition Trap
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.
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.
The board’s smooth Cook–Ternus handoff was the product of years of disciplined pipeline building, culture oversight and honest CEO–board dialogue that most companies never get around to.
CEO turnover creates uncertainty fast, especially when employees lose sight of the company’s core values. Organizations that anchor operational change to cultural continuity are better positioned to maintain trust and momentum.
More than a third of large organizations are undergoing business transformations at any given time, but only about 12 percent achieve their original ambition. Here’s what goes wrong, and how boards can help.
Aligning pay programs with succession planning can facilitate smooth transitions, protect your leadership pipeline and prevent costly, reactive decisions.
Four ways boards can identify CEOs with the judgment, agility and enterprise leadership required to navigate an unpredictable future.