Getting CEO succession planning right: Managing the emotional undercurrents

Getting CEO succession planning right: Managing the emotional undercurrents

CEO tenures are falling around the world, and, as a result, companies are planning CEO successions more frequently. Yet, CEO succession does not often go to plan. It’s a complex process, and even the boards that plan out every step often fail to account for the underlying human dynamics at play. Below, we examine the most common pitfalls and emotional landmines for several key stakeholders who interact throughout any CEO succession process: the …

Planning for the Future Should Never Be an Afterthought

GUEST COLUMN:Bethan CousinsNew Business DirectorDevelopment Bank of Wales Succession planning is something every business owner should consider early on. Whether you are looking to step back, sell, or transition ownership to a new management team, having a clear plan in place is crucial – not just for securing the future of the business but also for ensuring the best outcome for employees, customers, and the wider economy. At the Development Ban…