2011 CEO Succession Report: Dismissals Up, Outside Hires on the Rise

by Gary Larkin for Governance Center Blog – The Conference Board, June 23rd, 2011.

The dismissal rate of CEOs in the S&P 500 due to disciplinary actions has increased in recent years, while 25 percent of boards of directors facing a chief executive succession have opted for an outside hire, according to a new report by The Conference Board.

The 2011 CEO Succession Report, a new addition to The Conference Board’s research portfolio, will be released early next month. Written by Matteo Tonello, director of corporate leadership research for The Conference Board, and Jason Schloetzer, assistant professor at the McDonough School of Business at Georgetown University, the 50-page report documents and analyzes succession events regarding the chief executive officer in S&P 500 companies in the 2009-2010 period and includes, where appropriate, historical comparisons with data from the last decade. It is being made possible by the support of CTPartners.

As part of a promotion for the new report, The Conference Board is making it available, free of charge, to those members of the general counsel or corporate secretary office or corporate governance specialists at a U.S. public company who participate in our 2011 Board Practices Survey. The survey is co-sponsored by The Conference Board, NASDAQ OMX and NYSE Euronext. Findings will be described in the new edition of The Directors’ Compensation and Board Practices Report, scheduled to be released in the fall and also will be mailed to survey participants. (continue reading… )

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