Bitter Truth: Most CEOs Are Very Lonely
By siliconindia   |   Friday, 17 February 2012, 00:43 IST   |    3 Comments
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SUCCESSION PLANNING CAUSES BREAKDOWNS
SUCCESSION PLANNING CAUSES BREAKDOWNS CEOs always have a roadmap in hand, but when it comes to actually implementing that, they find themselves tangled in various complications. According to CEOs, the communication and board relation begins to break down during the process of planning. Around 76 percent of CEOs believe they should be more concerned in planning their own progression, and many CEOs report that miscommunication with the board about assortment of decisions and responsibilities is the most thorny part of this process. Dr. Thomas J. Saporito, Chairman and CEO of RHR International, said, "Succession planning is full of complex psychological nuances, such as the incumbent CEO's readiness to step down, that can make it a very difficult process. Earlier RHR research also shows CEOs need more clarity from and alignment with boards during transitions into and out of the C-suite."

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