Skip to main content

Plans for CEO succession often leave out death and disaster, which include – in the age of #MeToo – sexual-assault revelations against executives. Indeed, corporate boards of directors are facing the loss of company leaders with increasing frequency, in part because of a marked increase in sexual-harassment cases.

Yet, statistics indicate that up to 36 per cent of private-sector companies lack a plan for any kind of leadership change, suggesting that an even larger number may lack procedures for the unanticipated exit of a corporate leader.

Good communication is vital whenever a leader is unexpectedly lost and a crisis-communications adviser might be advised. Governance specialists agree that it is crucial to instill confidence in investors, bankers and other suppliers, employees and customers.

Story continues below advertisement

Lexpert contributor Brian Burton reports at www.lexpert.ca. Follow @Lexpert on Twitter. Lexpert is published by Thomson Reuters.

Report an error
Comments

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

If your comment doesn't appear immediately it has been sent to a member of our moderation team for review

Read our community guidelines here

Discussion loading…

Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.