Choosing the Best Next CEO: Succession should be a process, not a horse race
CEOs and board of directors are often unprepared for the difficulties of succession. With so much at stake for different stakeholders, politics and emotions come into play and can derail the effort.
Conducted effectively, the succession process creates a smooth transition from one CEO to the next with positive outcomes for the company and all stakeholders concerned. While every succession situation is unique, an effective process … [ Read more ]
Content: Article | Authors: Roselinde Torres, William Pasmore | Source: Mercer Management Journal | Subject: Corporate Governance