Talent is an increasingly critical differentiator of corporate performance. Leading companies realize that talent is a scarce resource at large companies today and poses one of the most significant barriers to growth.
CEB research finds that Boards at top-performing companies are twice as likely to have a deep understanding of talent issues as Boards at lower-performing competitors.
Most Boards lack sufficient understanding of key talent issues facing the companies they oversee, particularly because the data and analysis they receive provide limited insight.
The best Boards seek more understanding of talent issues, and higher levels of assurance about critical talent risks. They expand the perimeter of talent issues they monitor (going beyond simply executive leadership), and they approach conversations on executive performance evaluation and succession differently.