"Is Your CEO Succession Plan Crisis-Era Ready?" from Russell Reynolds Associates explains: (i) why boards should be focused on CEO and executive pipeline succession planning notwithstanding numerous other pandemic-related demands on their time and attention, and (ii) how the crisis may impact pre-pandemic succession plans such that a current review and reset are likely necessary. The memo is a precursor to forthcoming research from the firm and The Conference Board, which reportedly reveals most boards (including more than 70% of larger companies) having not recently reviewed or updated their CEO and executive succession plans notwithstanding COVID-19-related risks.
See our recent report: "CEO Succession: No Time to Waste" and additional resources on our CEO Succession page. This post first appeared in the weekly Society Alert!