Top executives consider their companies poorly prepared to face future challenges in terms of leadership line-up, according to a recent global survey of senior executives.
Nearly 70 percent of executives do not believe there is sufficient leadership potential in such skills as the ability to drive change, drive customer focus, basic business competencies and innovation skills. Additionally, the survey shows that nearly 70 percent of top executives in global companies do not believe they have a well documented succession plan in place.
In the US, only 32 percent of executives believe there is a succession plan process in place despite the fact that US public companies face increased SEC and shareholder scrutiny to ensure a CEO succession plan has been established. New SEC guidelines redefine succession planning responsibilities as a key board function.
For complete study see: http://www.egonzehnder.com/iep-resilience.
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