Statistics on CEO Succession in the S&P 500

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2013-05-14

Summary:

Editor’s Note: Matteo Tonello is Managing Director at The Conference Board, Inc. This post relates to a Conference Board report led by Dr. Tonello, Jason D Schloetzer of Georgetown University, and Melissa Aguilar of The Conference Board. For details regarding how to obtain a copy of the report, contact matteo.tonello@conference-board.org.

In our study, CEO Succession Practices (2013 Edition), which The Conference Board recently released, we document and analyze 2012 cases of CEO turnover at S&P 500 companies. The study is organized in four parts.

Part I: CEO Succession Trends (2000-2012) illustrates year-by-year succession rates and examines specific aspects of the succession phenomenon, including the influence on firm performance on succession and the characteristics of the departing and incoming CEOs.

Part II: CEO Succession Practices (2012) details where boards assign responsibilities on leadership development, the role performed within the board by the retired CEO, and the extent of the disclosure to shareholders on these matters.

Part III: Notable Cases of CEO Succession (2012) includes summaries of 11 episodes of CEO succession that made headlines in the past two years and that were carefully chosen to highlight key circumstances of the process.

Part IV: Shareholder Activism on CEO Succession Planning (2012) reviews examples of companies that have recently faced shareholder pressure in this area.

The following are some of the major findings discussed in the study:

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Link:

http://blogs.law.harvard.edu/corpgov/2013/05/14/statistics-on-ceo-succession-in-the-sp-500/

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Tags:

practitioner publications boards of directors executive turnover matteo tonello the conference board management succession public firms board leadership

Authors:

Matteo Tonello, The Conference Board,

Date tagged:

05/14/2013, 14:30

Date published:

05/14/2013, 09:52