Who will bell the cat?

It is important that organisations introduce more formal and mandatory processes of succession planning as part of the corporate governance requirements

The current leadership crisis in Yes Bank highlights a weak spot in governance and institution building in our corporations. The stock market response to the Reserve Bank of India order is a reflection of the bank’s dependence on one individual at the helm. It also demonstrates the ineptitude of the board in preparing for leadership succession. Like Rana Kapoor, many successful leaders and their boards are responsible for the ruin of their own creations. 

Globally, many organisations face a crisis at the time of planning and executing leadership succession. There are a number of factors that work together or in isolation,