The average age of CEOs is nearly 60 years of age within the S&P 500. As the average age of CEOs grows older, the average CEO tenure is growing shorter, to about 6.9 years. Is your organization ready as it looks for a replacement? It's no surprise that many companies have been preoccupied with the major economic disruption in the market and may not have considered CEO succession planning as one of their priorities - but it should be, especially in today’s competitive labor market. Boards can, and should, act now to ensure their plans are ready to meet the challenges of the future.

In the latest NACD BoardTalk blog, Managing Director Richard Holt dives into this very issue. Key highlights include:

• The impact of a CEO's strengths and weaknesses on the entire leadership team
• Using scenario planning to inform the succession plan
• Other strategic pieces to consider

Learn More