Power Character

Succession28 Aug 2026

The Succession Gap: 2026 Regional Board Survey

RESEARCH COVER — 16:9

61% of boards we surveyed have no ready-now internal successor for the CEO seat. The reasons are structural, not individual.

We asked 214 boards across Indonesia, Singapore and Malaysia a single question: if your chief executive left this quarter, who takes the seat on Monday?

Sixty-one per cent could not name an internal candidate they considered ready now. That figure has barely moved in four years, and the explanation is rarely about the individuals in the pipeline.

Where the gap actually forms

The constraint is structural. Successors are grown in roles that carry real profit-and-loss accountability, and most regional groups have concentrated that accountability in two or three seats. A pipeline cannot be deeper than the number of jobs that develop it.

What the strongest boards do differently

They treat succession as an operating decision reviewed quarterly, not a governance artefact reviewed annually — and they are willing to move a candidate sideways into a smaller, messier business to find out what they are made of.