Large companies devote plenty of attention and resources to succession planning, yet a PwC study finds that $112 billion in shareholder value is lost annually because companies pick the wrong people to lead them.
The “obvious” choice is not always the candidate most likely to succeed in the CEO role. Even at the most respected companies with disciplined succession processes in place, well-suited candidates may not even make it into the shortlist of succession candidates — overshadowed by “safe” or “chosen” ones.
Here’s how to ensure that the right candidates don’t get overshadowed by the “safe” ones. Read more.
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