A corporate leader in Singapore, Lee Hsien Yang, recently said: "Twelve years is a long time to stay in any single role and I think considerably longer than the average tenure of most CEOs. So I think it is appropriate that some point in time to move on and I suppose, in my view, it is as a good a time as any. The company is in a strong position. We have a strong management team in line, we have a board to see the process through and so I have informed the board of my desire to step down."
Someone once told me, "Every year in a role, take stock of what you have done and achieved. Benchmark yourself against others of similar calibre. Check if you have had a performance-related raise or a promotion. If you haven't for 2 years, you know it's time to move on."
Is twelve years a long time for a leader? How does a person decide when is an ideal time for him or her to leave?
I agree with Lee that a good time for a leader to leave is when a company has a strong position, management team in line and a good board of directors.
We should also actively review our roles.
Happiness,
Dharmendra Yadav
The market is rife with rumours about this "move". There's more to it than meets the eye.
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