BFM 89.9
The Business Station
Why CEO Succession is the Board's Most Important Job
41 mins·11:00, 16 Jul 2025
Why CEO Succession is the Board's Most Important Job
41 mins
·
11:00, 16 Jul 2025
·
Recommended
Guest: Michele Kythe Lim, President & CEO, of the Institute of Corporate Directors Malaysia (ICDM), Tunku Alizakri, Multi-Company Independent Director
Leadership transitions are one of the most critical moments for any organization. Get succession planning right, and you ensure stability, credibility, and confidence; get it wrong, and you risk chaos and value destruction. But who is truly responsible for this vital process?
Michele Kythe Lim, President & CEO of ICDM, and Tunku Alizakri Alias, a multi-company independent director, argue that succession planning is a strategic board imperative, not just an HR function, and requires a transparent, formalised process to succeed.
We discuss:
Why succession planning and picking CEOs is the board's most important strategic job.
The key indicators of a successful leadership transition.
Lessons from global succession stories like Apple and Disney.
The crucial role of independent directors in ensuring objectivity.
The different challenges in PLCs, GLCs, and family-owned businesses.
For board members, CEOs, and HR leaders tasked with building resilient organisations, this is key insight into future-proofing leadership and ensuring long-term sustainability.
Presenter: Roshan Kanesan
Producer: Roshan Kanesan
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