Board Challenges: The Question of CEO Succession

The Harvard Law School Forum on Corporate Governance and Financial Regulation 2014-06-08

Summary:

Editor’s Note: The following post comes to us from Wayne Lord, president of the World Affairs Council of Atlanta. This post is based on a white paper report from the 2013 Global Strategic Leadership Forum by Dr. Lord, available here.

The World Affairs Council of Atlanta’s 2013 Global Strategic Leadership Forum focused on a critical issue facing boards of directors: CEO succession. As arguably its most crucial responsibility, the board’s process for hiring and developing CEOs must be an extraordinarily thorough one that addresses the complexities of the modern global company. While there is no exact template that fits all circumstances, the board must ensure that its processes and oversight accurately reflects the organization’s future needs, identifies the skills and experience required in today’s complex global economy, and builds and closely monitors a truly robust succession plan.

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Link:

http://blogs.law.harvard.edu/corpgov/2014/06/08/board-challenges-the-question-of-ceo-succession/

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Blogs.law Aggregation Hub » The Harvard Law School Forum on Corporate Governance and Financial Regulation

Tags:

boards of directors practitioner publications executive turnover management succession wayne lord world affairs council of atlanta

Authors:

Yaron Nili, Co-editor, HLS Forum on Corporate Governance and Financial Regulation,

Date tagged:

06/08/2014, 12:10

Date published:

06/08/2014, 09:28