CEO Succession Planning & Board Effectiveness

CEO succession planning is a change process that starts with the board, impacts the executive team and permeates throughout the organization.

Turnover among CEOs at the world’s 2,500 largest companies recently soared to a record high of 17.5%. Specific risks and issues around selecting the next CEO must be considered in order to make an objective decision around an organization’s most visible leader.

CEO SUCCESSION PLANNING

YSC Consulting works with the board, both individually and collectively, to help articulate the future-focused vision for the organization. We break down the specific leadership capabilities and experiences needed to succeed in the next chapter of the organization. Gathering input objectively from multiple sources allows us to apply rigor and back up our recommendations with multiple data points. We partner with the board from the onset, making sure to balance the unique dynamics and generate buy-in for the process. This ensures that multiple viewpoints are considered objectively and with equal weight.

We help you know you are making the right choice.

CEO Succession Planning Process

1

Diagnostic

Understand strategic alignment and develop a Profile of Success
2

Assessment

Explore the individual’s capability and potential of internal and external candidates
3

Board Presentation

Share CEO succession options with the board
4

Development

Recommend developmental transition plans for all candidates

BOARD EFFECTIVENESS

YSC examines board effectiveness by understanding three key sets of business tensions: vision, value drivers and risk. Understanding these dynamics enables boards to create a balanced approach to drive their organization’s growth.

Vision: Balancing the tension between long-term strategic goals with pragmatic short-term actions

Value Drivers: Understanding how to drive value while staying aligned with your broader vision and mission

Risk: Identifying where and when to take strategic risks to enable innovation in service of a sustainable business model

PROCESS FOR ENABLING BOARD EFFECTIVENESS

1

Scoping

Understand current context and key issues
2

Discovery

Explore the current board dynamics and the organizational culture
3

Analyzing the Board

Co-create actionable insights
4

Recommendations

Conduct interactive session to develop solutions

COMMERCIAL & PSYCHOLOGICAL

We identify the business requirements of the board to determine the effectiveness of the group, simultaneously using our Board Effectiveness Model, grounded in psychology, to explore key issues and co-create long-term behavioral change.

RELEVANT & EXPERIENCED

After three decades in business, we can benchmark senior-level leaders against more than 50,000 individual profiles. We use this expertise while staying squarely grounded in the present and focused primarily on the future to help you understand what success looks like for your next phase of leadership.

Partner with us

Contact us to learn more about how we can support your leadership strategy.