Almost every CEO and Board will tell you that they believe in succession planning, but actual practice often contradicts their words. Now CEO turnover may ramp up even more because of the dual impact of aging boomer CEOs and a national economic recession. Therefore, boards and CEOs need to identify and address the root causes of the common failure to achieve good internal succession.
For many years, Western Europe and North America have been the training ground for a vast majority of the world's business leaders. However, with the rapid growth of economies in Central and Eastern Europe (CEE), new leaders are increasingly emerging from this region.