CEO ethical lapses on the rise

A report from PwC has revealed that the overall rate of forced departures of CEOs is generally steady, but that recent trends, but more CEOs are being dismissed for ethical lapses than for financial performance or board struggles.

The report, CEO Success, is wide-ranging but highlights that ‘ethical lapses’ are driving 39 per cent of departing CEOs to lose their posts (compared to 26 per cent in 2017). These lapses include fraud, bribery, insider trading and sexual misconduct. This is the first time the study of 2,500 global public companies, now in its 19th year, has recorded ethical issues as the main reason for forced departure.

Full report.

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