There is probably no corporate event which causes more concern – to shareholders, clients and employees alike – than a change of leadership. Whether planned or unexpected, the uncertainty resulting from the replacement of a company’s top executives can cause jitters in the market and lead to adverse publicity and anxiety among stakeholders.
Robust succession plans can go a long way towards quelling such concerns – so why do so few corporates in South Africa take them seriously?
New Manager Barometer by Odgers Berndtson shows high approval ratings for the still young leaders...
By Paul Butterworth MNI, Global Head of the Maritime & Shipping Practice at Odgers Berndtson