Australian boards leading the way on CEO succession
Now more than ever, Australian companies are leading the way on planned CEO successions, relative to leading organisations globally.
This leadership has translated into the lowest rate of unplanned departures in the 17 year history of this study.
By end 2016, the most recent intake of Australian CEOs to leading ASX companies is unlike any globally.
The latest new arrivals in leading Australian companies are more likely to be from outside their new organisation, have worked internationally, and have already served as a CEO.
Although Australian boards are leading on planned successions, more attention is needed on diversity.
Based on the latest snapshot of those joining the top job in leading Australian organisations – it takes being a CEO to get hired as a CEO, raising some interesting implications for aspiring leaders who are seeking to break into the CEO cohort, and for boards intent on increasing gender diversity from an already low diversity pool.
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