Do You Have a C-Suite Development Plan?

CEO with Accounting Succession PlanAccording to a 2014 study carried out by Quantum Workplace, only one percent of executives believe their succession plan is excellent. Few organizations have a great multi-level succession plan, which makes high-potential employees feel important and leads to great leadership in the long run.

Although executives know the importance of succession planning, few believe their organizations are doing enough to ensure continued success and strong leadership at the C-suite level. A 2010 Korn/Ferry study shows only 35 percent of companies have a CEO succession plan in the works, even though 98 percent of organizations acknowledge the importance of such a plan.

For further questions about Phoenix corporate accounting, please contact Singer Tax & Accounting, PC today at (602) 482-8006.

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