Half of Swiss companies fail to plan properly for the succession of top positions when managers step down, a report has found.
The study's authors conclude that many managers have difficulty plotting the end of their own careers. The findings come against the backdrop of a number of recent high profile executive handovers in large Swiss companies.
The study conducted by the Zurich University of Applied Sciences and recruitment consultancy Roy C Hitchman looked at the succession policy of 400 of Switzerland's largest companies.
The most remarkable finding was that only 20 per cent of the biggest firms (10,000 or more employees) had a structured and transparent plan of how to replace executives or boardroom members.
"This is a result of the leader of a company facing up to their own mortality. When you plan your successor you know the end is coming soon," co-author professor René Rüttimann told swissinfo.
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