Understanding the Rise in CEO Departures—Corporate Board Member

Record high CEO departures are happening now. This intensifies the need for boards to anticipate and manage leadership transitions. Corporate Board Member explores the underlying causes—ranging from “change fatigue” to the pace of disruption—and outlines practical strategies for mitigating executive exits.

In the article, Farient Advisors’ Partner R.J. Bannister offers an expert perspective on how open, forward-looking conversations between boards and C-suite leaders can strengthen succession planning and smooth transitions.

“Boards and compensation committees are having more candid conversations with their C-suite executives to understand what kind of challenges and opportunities they’re looking for and to potentially be more open with them about their thoughts on a possible timeframe for retirement than they have in the past,” said Bannister.

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For the last two years, Farient Advisors and Corporate Board Member have researched how boards prepare for Turnover at the Top. Public board members who participated in the Turnover at the Top research, reported that higher rates of CEO turnover had spurred greater discussion among their full boards.