Selecting a CEO is one of the Board’s most significant opportunities to drive value and one of its most important responsibilities. Intentional preparation and ongoing commitment to CEO transition ensures the business is well positioned for succession and is prepared for emergency circumstances.
Ensure that ongoing succession planning is robust through the identification and development of internal candidates, understanding attrition risk, and interim-CEO contingency planning
CEO Profile for Success
Align the Board on the key success factors for the next CEO
Scope of Search
Assessing the readiness of internal candidates to determine the objective and boundaries of the search
Undertake an independent and robust assessment of all candidates
Enable the new CEO to set them up for success