CEO Succession is one of the most complex events in an organization’s lifecycle and incidences of succession are increasing. Of the 1,452 CEO changes that took place in 2018, 154 were in the financial sector, making it the second-highest industry by number of CEO shifts. Change can be difficult, but fostering strong relationships between the board and members in the C-suite can lead to a smoother CEO succession process. Consider reading through the article linked below to learn a few best practices for facilitating the succession process, as written by Carmel Pelunsky, Managing Director, APAC, for Financial Executives International (FEI).
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Relationship-building tips for boards