In most organisations, getting the CEO transition right is a complex and often challenging experience for the board. A smooth transition promotes confidence in the new leadership and protects shareholder value. In founder-led organisations, the transition to a non-founder CEO is particularly challenging. Founders are usually deeply attached to the business and a transition to a new leader often signals a profound change in the direction and/or culture of the organisation.
Korn Ferry conducted in depth interviews with key players, including founders, chairpersons, directors, and investors in Australia-based founder-led businesses with employee numbers ranging from under 100 up to 1,000.
This report, When the founder steps down—leadership transition in a founder-led organisation, provides insight into; how to maximise succession transitions within founder-led companies, and those aspects of founder-led organisations that make succession events within such environments a unique leadership challenge.
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