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 & Board Effectiveness
CEO succession planning is a change process that starts with the board, impacts the executive team and permeates throughout the organization.
What Lies Below CEO Succession
CPOs need to know that planning and process are not enough.
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
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
Analyzing the Board
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.