|Solving the Succession Crisis
The Asia HRD Congress
Events team put up a Strategic Talent Management & Succession Planning Conference
in Kuala Lumpur, Malaysia. Some of the speakers were truly outstanding. While the discussions centered on talent attraction, retention, employer branding, there was also a growing interest on the issue of succession. Joseph Bower’s writing in the Harvard Business Review says the most successful CEOs, on balance are those who are developed inside the company – but manage to retain an outside perspective. According to a survey of 1380 HR Directors of large US corporations, nearly 60% of them have no CEO succession plans in place. While most companies look for outside support, research has shown that insider leadership correlates with superior performance.