by Per-Ola Karlsson
The number of chief executive officers who were dismissed from their jobs at large global companies fell to a record low last year. At first glance that might suggest complacency on the part of boards of directors, but it’s actually good news about corporate governance in general and CEO succession planning in particular. It means that boards are doing a better job of choosing top leaders — far better than they were doing a decade ago. Data for the world’s largest 2,500 companies also suggests that better CEO succession practices are converging around the world, as regional differences in CEO succession rates have narrowed sharply in recent years. Continue reading