CFOs here least likely to opt for internal succession

SINGAPORE - A survey has found that Singapore finance leaders, or CFOs, are least likely to find a replacement from within their own organisations.

Only 14 per cent of them said they expected to be succeeded by a candidate from the same company.

The global average for those who favoured an internal hire was 28 per cent, according to a global survey by recruitment firm Robert Half released on Thursday.

About 45 per cent of Singapore CFOs surveyed said they favoured employing someone from outside the company and 26 per cent said they would bring in someone from another country who works for the same company.

CFOs most confident in their company's succession plan were from the Americas (39 per cent), followed by Europe and the Middle East (31 per cent) and the Asia Pacific (22 per cent).

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