Who follows the founder? The timing and choosing of this leader can be a tricky and often a highly emotional process. And it’s one that will have significant impact on the business world over the next two years as economic conditions unleash a wave of founder successions. To manage this transition, founder-led companies should be proactive. Don’t wait for the wave to wash over you. Craft your founder succession.
In the last five years, boards in the United States have been more intentional about adding directors from underrepresented minorities. However, that same level of progress is lagging when it comes to board leadership positions. Ninety percent of chair positions in Russell 3000 companies are held by white directors in 2022, and 87 percent of committee chair positions are held by white board members. We gathered 25 corporate directors in their first few years of board service and four experienced board leaders for a conversation about how to move from board member to board leader.
Boards are making progress in representational diversity—slowly. However, most boards in the UK and around the world are still overwhelmingly white. To discuss this sobering reality, we partnered with the Executive Leadership Council to gather more than 40 board-ready executives (majority of those ethnically diverse in the UK) to share their thoughts on increasing visibility, getting noticed, appointed and integrated into boards.
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