New research reveals where boards and senior leaders need to direct extra attention following the departure of the CEO.
Few events test a board's mettle like turnover in the chief executive officer position. The board is responsible for guiding the recruitment process for the new leader, choosing the best candidate, maintaining effective governance during the transition period and reassuring stakeholders throughout the process. And, as the level of CEO turnover continues to increase, trustees should assume that they will participate in this process at some point during their service.
New research into CEO turnover events explored how provider organizations handle these transitions. Health system executives and board chairs were asked to what degree they were able to meet organizational needs in nine strategic areas during the transition.
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