Wednesday, June 6, 2018

Korn Ferry: In Spain, Italy-- Surviving a Void

By SIMON CONSTABLE

It isn’t something one would expect to see, two major European nations without leaders at the same time. But that’s where Italy and Spain found themselves last week—and where a surprising number of companies find themselves as well. 
For those who missed the headlines, Italy went three months without a majority government, until two major parties finally agreed last Friday on a new prime minister. Meanwhile, a few hundred miles west, Spain’s government collapsed after the prime minister was unseated in a no-confidence vote, and experts wonder how long the new government will last. But as unnerving as this can be, leadership vacuums are of course not limited to politics. Indeed, from abrupt CEO departures to boardroom succession battles, such voids are becoming more common and troubling. Read more here.

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