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 culture of the organisation.
Korn Ferry conducted in depth interviews with 25 founders, chairpersons, directors, and investors in Australia-based founder-led businesses and combined that with additional research and insights from our broader client activity and associated data to produce the report When the founder steps down—leadership transition in a founder-led organisation. The report provides insight into:
- How to maximise succession transitions within founder-led companies.
- Role, characteristics and impact of the founder.
- Unique leadership challenges of founder-led organisations.
- Success factors in founder-led transitions.
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