Understanding the Importance of the Board’s Role in Succession Planning
A pair of experts talk about the importance of board involvement in leadership and executive development to combat the ripple left in the wake of a departing leader.
A pair of experts talk about the importance of board involvement in leadership and executive development to combat the ripple left in the wake of a departing leader.
Four CEOs at Barnes & Noble in five years? That is more than a pattern. It indicates something at the board level isn’t working.
Companies benefit long-term when they prioritize the professional development of their employee leaders, because it cultivates an organizational strength and sustainability that spans generations of leadership.
For ousted Xerox CEO Jeff Jacobson, the perception (echoed by a judge) that he was pushing forward with a merger deal with Fujifilm to save his own job proved too much to overcome.
Xerox, the company that gave us the ethernet, the mouse, the graphical user interface, and the PC has succumbed as much to technology disruption as to corporate rot.
Studies have shown that while it remains a critically important Board function, leadership transition planning is often ignored.