2025 Private Company Board Practices Oversight Survey

Data Pack: Board-CEO Relationship

08/26/2025

 

What were the primary reasons for the most recent CEO turnover at your organization? 

 

Reasons

Value

Planned retirement

42.47%

Ineffective execution of the strategy

17.81%

Leadership style issues

15.07%

Financial performance below expectations

12.33%

Breakdown in board-CEO relationship

12.33%

Personal reasons

9.59%

Not applicable, no recent CEO turnover

9.59%

Strategic misalignment between the board and the CEO

5.48%

Ethical concerns

2.74%

Activist pressure

0.00%

Other

10.96%

Unknown

4.11%

 

n=73

 

This table comes from the Board-CEO Relationship section of the 2025 NACD Private Company Board Practices and Oversight Survey.