Study Exposes General Counsel Succession Planning Expectations
(firmenpresse) - ROCHESTER, NY -- (Marketwired) -- 05/12/15 -- Today's General Counsel are being lauded for their increasingly strategic and pragmatic contributions in the C-suite and boardroom. In turn, these contributions are strengthening their value as members of the executive team, according to the results of an exclusive study.
The study, was conducted by executive search firm and NYSE Governance Services, and studied CEOs and directors of publicly traded companies nationwide.
"CEOs and board members increasingly expect the General Counsel to add value as a leader in the C-Suite and bring keen perspectives on company issues, especially as the regulatory environment expands and competition in the market increases," said Robert Barker, Managing Partner at BarkerGilmore.
BarkerGilmore Managing Partner John Gilmore noted that, "Owing to the elevated importance and influence of the GC on executive teams, there is increasing pressure to have a GC succession plan prepared and readied. As awareness has grown, the efforts and resources being devoted to succession planning have also been amplified."
The study found that These percentages illustrate the many challenges companies face in identifying, developing, and preparing internal talent for the General Counsel role.
90 percent of board members and CEOs expect internal GC succession candidates to be benchmarked against external talent
More than half of company directors believe having a General Counsel serving as an independent director on an outside board adds value to the company
Directors agree that their General Counsel would most benefit from additional expertise in cyber security, social media, and crisis management
To view the full study, visit .
BarkerGilmore's specialize in a select range of assignments, specifically General Counsel and Chief Compliance Officers. They deliver exceptional candidates to Fortune 500 companies and successful mid-sized companies nationwide.
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Datum: 12.05.2015 - 12:30 Uhr
Sprache: Deutsch
News-ID 392562
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