CEO succession contests at large corporations can be hotly contested affairs, and more boards are critiquing how internal CEO candidates work with other internal candidates who are chasing the same role. Many are favoring CEO candidates who showcase more collaboration than their competitors.
“Today, inclusion and collaboration are the declared values of a lot of large organizations because those qualities demonstrate effective leadership,” Janice Waterman, founder and CEO of leadership development firm Waterman Hurst, told The Wall Street Journal.
The Journal pointed to a recent CEO race where competing cooperatively may have made the difference for a candidate. After an internal CEO race, Julie Sweet came out on top to helm Accenture. While Ms. Sweet won the spot for several reasons, individuals from Accenture specifically noted her praise of colleagues she was directly competing with for the promotion.
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