Internal CEOs Win Popularity Contest


When it comes to replacing executives who have departed - an activity communications executives should be integrated into as it relates to succession planning - a Hay Group study of Fortune magazine's list of America's Most Admired Companies found that 77% of these organizations' boards show a preference for internal candidates. Additional findings show that the Most Admired Companies are, among other things:
  • 19% more likely than the peer group to provide expertise to the CEO and management on human capital issues;
  • 21% more likely to have a well-defined succession plan in place to prepare for the long-term replacement of the CEO and other senior executives;
  • 23% more likely to evaluate CEOs on success in developing human capital and evaluating financial outcomes and strategy implementation;
  • 21% more likely to have well-defined plans to cover the emergency loss of the CEO and other top executives, and to discuss the aforementioned plans at least annually;
  • 22% more likely to have a human capital strategy that has been reviewed and approved by the board;
  • 23% more likely to have developed a comprehensive profile for the CEO's successor that reflects the company's strategy and business model; and,
  • 13% more likely to have an effective succession plan for senior executive positions.




Comments Off

Deals of the Week

Get $150 Off PR News'Crisis Management Boot Camp

Crisis_Boot_banners_175x135_ep

Join PR News on September 15, 2014, at the historic Yale Club in New York City for an intensive boot camp will put you through the paces of crisis communications to help you avoid, or at least mitigate, the damage that can come to a brand.

Use code “150off” at checkout.

Get $50 off PR News' Media Relations Guidebook

book-mediarelations-180x150

This 8-chapter resource contains practical implications for some of the most innovative developments in media relations, including the technologies, methodologies and mannerisms that determine the ecosystem in which PR pros practice this essential part of their craft.

Use code “50off” at checkout.

Save $100 on a PR News Subscription

Let PR News become your weekly, go-to resource for the latest PR trends, case studies and tip sheets. Topics covered include visual storytelling, social media, measurement, crisis management and media relations.

Use code “SUBDEAL” at checkout.

Comments are closed.