How to Retain Mission-Critical Talent

CEO tenure at large public companies is growing shorter combined with a slew of high-profile CEO resignations prompting questions in America’s boardrooms: Can it happen to us? Do we know our CEO’s plan? And are we doing everything we can to retain mission-critical talent, especially potential successors?

Research conducted by Corporate Board Member with Farient Advisors found a heightened level of concern about the potential for key executives—including the CEO—to suddenly depart. In fact, 61 percent of directors reported that the recent spike in unanticipated exits has prompted conversations about the increased risk of senior executive turnover, with 40 percent stating that conversations around that particular risk have risen from the committee level to full-board discussions.