is being presented by Beth Thomas, Executive VP, Managing Director Consulting Services, with Sequent and airs on Wednesday, April 27th, 2011. For more details, or to register please visit our site at www.fxconferences.com
A 2010 Stanford University study found that only about half of the 140 companies surveyed had a candidate-in-waiting to take over as CEO if the need should arise. Other studies have reported similarly sobering statistics. Only 26% of companies have identified successors for the majority of their executive positions (Bersin Factbook, 2009), and 40% of corporate board members are unsatisfied with current succession plans (Egon Zehnder, 2009).
Succession planning is the process of recruiting and grooming employees to fill the key roles within an organization, and companies that engage in strategic succession planning are ultimately more successful. Unfortunately, for many companies succession planning is an overlooked strategy, as the future is set aside in favor of dealing with more urgent priorities. However, companies that fail to plan for succession are putting their very survival at risk. After all, what could be more important than ensuring your leadership positions are filled with the right people? This audio conference provides attendees with the why and how of proper succession planning.
