Boards and Execs Don’t See Eye to Eye on Succession Pipeline
Directors urged to get closer to CEO candidates.
Principal Brad Jayne and Managing Director Peter Thies were quoted in the Agenda article, “Boards and Execs Don’t See Eye to Eye on Succession Pipeline."
The article discusses findings from a new Pearl Meyer survey showing that directors and C-suite executives differ in their views on the board’s involvement in CEO succession planning.
“In many cases, the board is relying on management to give them the story of who’s ready and how long it will be until they’re ready,” said Peter Thies, managing director at Pearl Meyer. “What is lacking is a conversation about what the company is actually doing to prepare people to be more ready, faster, for the CEO role.”
“Board member engagement with candidates can actually really help their development,” said Brad Jayne, principal consultant in Pearl Meyer’s leadership practice. “The top candidates, at least, should be on the radar screen, including what’s their development pathway. That conversation has to start in the boardroom.”