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The length of time that CEOs stay in their jobs is becoming shorter. A 2017 report by PWC found that FTSE 100 and FTSE 250 CEO turnover rates are some of the highest in the world, with CEOs spending an average of just 4.8 years in the top job, down from a high of 8.3 years in 2010.
Gaining a true understanding of how an organisation functions can be a tricky undertaking for a non-executive director. They can’t allow themselves to get so close to the day-to-day operations that they undermine the authority of executives and the value of their own independence, but they do need to know that conversations in the boardroom line up with reality.
Joelle Warren, Executive Chair at Warren Partners has provided CEO Today with top tips for aspiring senior executives on how to gear up for and secure their first Chair role.