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CEO Succession Planning
In recent surveys of boards across the United States, CEO succession
planning was consistently rated as the area where most directors felt they
could do a better job.
We have the tools and expertise to make that happen.
Feel Confident About Your
CEO Succession Plan
•Followed up development of a
comprehensive CEO succession plan
for a Fortune 500 board with the
design of a rigorous due diligence
process to assess internal candidates
for a key position that formed part of
their long-term CEO succession plan.
This exercise gave board members far
greater insights about their internal
candidates - and ultimately greater
confidence in their decision.
• Created an emergency CEO
succession plan for the board of a
private company with a new CEO.
• Developed a long-term CEO
succession plan for a midcap financial
services company that engaged all
board members and senior executives
in establishing both criteria and a
process tailored to the company.
Most Boards have 3 major objectives when it comes to
CEO Succession Planning:
1) Making the right choice about the next CEO - every director
knows that the choice of CEO is probably the single most important decision
he/she will make as a member of that board.
2) Avoiding fallout - they don't want succession planning to become a
"de-stabilizing event" within the company.
3) Proper due diligence - ensuring the succession plan has the rigor needed
to fulfill the board's obligations to shareholders and provide directors with
confidence about their process and their choice.
For a copy of our new White Paper, Secrets of CEO Succession CLICK HERE.