In these challenging economic times, performance has become one of the key drivers in the determination of proper actions to be taken against CEO committed irregularities and non performance while in office.
According to experts, a number of CEOs have been removed from their positions as well as those who are facing investigations for their participation in irregularities at the firms where they were at the helm have increased. Human resource experts believe that the current trend would affect the scrutiny of the performance of these experts.
Many experts agree that the tolerance levels for under performance have lowered because of the current economic conditions. Many CEO exits have become brutal and sudden unlike before when CEO exits were done discreetly and under wraps.
The inability of the CEO to perform depends on many factors, some of which are beyond the individual's control. It is essential and expected that the CEO overcomes the issues besetting him in order to save the company in the long run, according to experts. There is also a great need for a more stringent due diligence process before the CEO is appointed.
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