‘Quite alarming’: More companies must think about replacing their CEOs, boards
Apac firms’ significant lack of confidence in their renewal processes may spell trouble, warns Heidrick & Struggles’ Terence Quek
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[SINGAPORE] Companies across the region must focus on how they plan to replace their chief executives, even as boardrooms remain preoccupied with artificial intelligence and cyberthreats, said Terence Quek.
The partner at executive search firm Heidrick & Struggles warned that businesses that neglect leadership renewal are doing so at their own peril.
While corporate directors pour time and resources into managing technological shifts, many fail to prepare their next generation of leaders.
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