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Key Dimensions of Effective CEO Succession
October 2016 | Executive Summary
CEO succession is one of the most important strategic risks a board of directors must manage.This overview offers a roadmap to help CEOs and directors organize succession planning, integrate it with existing board responsibilities, make it transparent both within and outside the company, and ultimately define it as an ongoing element of business strategy. They are grounded in an empirical study of CEO succession events at S&P 500 companies that encompasses the correlation between succession and individual or firm performance, the characteristics of departing and incoming CEOs, C-Suite leadership development activities, and the practicalities of announcing the leadership transition to employees and investors.