Preparing for a Succession Emergency
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Publication Date:
February 12, 2013
Succession planning is one of the board’s most important oversight responsibilities, and a majority of corporate boards review these plans annually. These reviews, however, often do not take into emergency succession events, circumstances in which a quick response can be problematic. By integrating an emergency succession plan into their crisis management process, companies can determine their preparedness, identify a credible emergency successor, and increase their ability to smoothly manage the announcement.
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