What makes CEO succession planning such a challenge for CEOs and Boards?

Why do some well suited candidates not make it on to the shortlist?

And why the "natural successor" isn't always the right choice?

According to an article by Harvard Business Review, some of the reasons include:

- The power of the heir apparent.

- Likability counts more than it should.

- The safe choice can sometimes be irresistible.

Instead, some tactics that should be used are:

- A CEO scorecard linked to business strategy.

- A broader and deeper lens on the leadership bench. This can be enhanced by having a diverse range of Board members.

What issues have you found or overcome when doing succession planning for your organisation?

If you’d like some ideas on how to attract top leaders to help you deliver on your organisation’s goals during the remainder of 2024, then drop me a private message or email at Dan@DSconsultingservices.com.au

Check out our Talent Acquisition Scorecard. It's designed to give organisations an insight into what's working in their talent acquisition and areas for improvement. Check it out via the link below.

https://talentscorecard.scoreapp.com

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