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Corporate leadership crucial, BCG claims

18 October 2012

The Boston Consulting Group's (BCG's) new report has stressed the importance of corporate leadership in helping businesses' succeed, claiming many firms need to improve their human resources department to attract the best executives.

Many HR topics are not being given the urgency they deserve, with companies potentially left underequipped for the challenges facing them, the study notes.

Jean-Michel Caye, a senior partner at BCG and co-author of the report, said: "Companies are not making the headway they need to ensure that they have adequate talent - managerial, technical, and functional - in their people pipeline."

He added that it is worrying a number of companies appear to have identified the areas in which they need to improve but failed to put these plans into any kind of coherent action.

The Chartered Institute of Personnel and Development recently claimed that intensive HR support is needed to develop executives into top business leaders.

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Categories: Functional Practices, Board & CEO

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