Compensation
08/10/2023

Closing the Gap on Succession Planning

Many boards are confident in their ability to handle the sudden departure of the CEO or a key executive, but they’re less secure when it comes to planning for the long-term future of the organization’s leadership. Bank Director’s 2023 Compensation Survey, sponsored by Chartwell Partners, revealed gaps in the effectiveness of long-term succession planning for the CEO. Overall, 82% of responding directors and chairs expressed confidence in the succession plan if a CEO or other key executive were to leave suddenly. Only 63% said the same of the long-term succession plan for the CEO; another 28% said they have no…

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WRITTEN BY

Laura Alix

Director of Research

Laura Alix is the Director of Research at Bank Director, where she collaborates on strategic research for bank directors and senior executives, including Bank Director’s annual surveys. She also writes for BankDirector.com and edits online video content. Laura is particularly interested in workforce management and retention strategies, environmental, social and governance issues, and fraud. She has previously covered national and regional banks for American Banker and community banks and credit unions for Banker & Tradesman. Based in Boston, she has a bachelor’s degree from the University of Connecticut and a master’s degree from CUNY Brooklyn College.