Unlike management, leadership is a high-risk activity with failure signalling disaster for the entire organisation. The press is full of stories of companies that have fallen victim to leadership derailment and paid a costly price. This is evident when you consider that the average tenure for a global CEO currently stands at just 2.75 years with the financial impact of replacing them typically estimated to reach £700k.

In the latest addition to our Topical Briefings pages, Roy Davis looks at the essential issues to consider when replacing senior staff.