On the Board’s Agenda | US Variance in succession strategy and transition processes
On the Board’s Agenda | US Variance in succession strategy and transition processes
5 PagesDeloitte’s July 2024 On the Board’s Agenda highlights significant gaps between CEOs and corporate secretaries regarding CEO succession planning roles. While both agree on board oversight of succession plans, perceptions diverge around CEO involvement in key steps like interviewing candidates (72% of CEOs vs. 18% of secretaries) and selecting search firms (62% vs. 10%). The findings suggest boards and management should align expectations to ensure smoother leadership transitions—especially in the event of unplanned departures where clarity and speed are critical.
