CEO transitions often trigger chaos, particularly when boards are unprepared. The outgoing CEO’s participation is frequently minimized, causing loss of institutional knowledge and trust. Leadership advisors emphasize that the relationship between the board and CEO is crucial during these transitions. Numerous studies outline key elements of the succession process, but the personal experiences of outgoing CEOs have largely been neglected. Understanding the outgoing leader's impact is essential to ensure a smoother transition and uphold organizational culture.
The transition of a CEO is often approached with a sense of urgency and pressure, leading to potential oversights despite its critical importance to the organization.
The experience of the outgoing CEO is often overlooked, but it holds significant value in shaping the transition and affecting organizational culture during CEO successions.
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