Company Disclosures Explain the Nature of CEO Turnover.

• Position: BOARDBOOK: WHAT'S ON THE AGENDA?

Shareholder advisory firm SquareWell Partners tracked lead executive (CEO, combined chair/ CEO or executive chair) changes at nearly 500 companies in the U.S., the U.K. and Europe between January 2019 and the end of June 2020. Here are some of the key takeaways:

* U.S. companies had the highest level of lead executive turnover when compared to companies in Europe and the U.K.

* Company disclosures suggest that 66% of outgoing lead executives resigned, while only 7% were formally dismissed.

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