The abrupt exits of two high-profile chief executives in recent weeks over failing to disclose personal relationships with colleagues could become a trend, according to one expert.
high-profile chief executives
The recent resignations of two high-profile corporate CEOs over failing to disclose personal relationships with colleagues could lead to more departures for the same reason, according to London Business School professor Randall Peterson. The professor, whose most recent book is "Disaster in the Boardroom: Six Dysfunctions Everyone Should Understand," says #MeToo led more corporate boards to understand why power dynamics make even apparently consensual relationships inappropriate.He says that when a CEO leaves over an issue, and it makes the headlines, boards at other companies begin questioning whether they might have the same problem.
"On the whole, I see this as a positive trend that boards see the problem and now feel comfortable taking action," he said. "The concern is whether a new appointment is rushed. That would not be a good outcome."
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