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Debunking the Myth of the Fast and Successful Succession Plan
By Suzanne Bates and Sarah Woods
Guidance for creating a strong CEO succession plan prior to a departure.
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Verbatim
02/20/2024
Although the recession many feared a year ago is no longer the same threat, labor challenges remain. The unemployment rate sat at 3.7 percent in November, only slightly above the 54-year low of 3.4 percent seen in January 2023. The Great Resignation, which began in early 2021, was quickly followed by “quiet quitting” and, last year, “loud quitting.” Many people are not entirely satisfied with their jobs, their work-life balance, or the requirement to return to the office, leading to disengagement and turnover...
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Mandy Wright is senior editor of Directorship magazine.
This article is from the Winter 2024 issue of Directorship.
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