CEO Succession: Making the Next Move
Does your company have a viable CEO succession plan in place? Are you prepared to share your program with shareholders? Due to a relaxation in rules regarding votes on succession by the SEC, activist shareholders are already asking companies to provide written and detailed policies to be discussed at the next annual meeting. Even privately held companies should take this increased scrutiny as a reminder to review their CEO succession process to ensure that it can deliver seamless leadership transitions, whether planned or unexpected.
In the latest edition of its publication, Executive Insights, RHR International sheds light on the complexities of CEO succession and the misconceptions surrounding the process. It also offers practical guidance for creating an effective program which results in increased shareholder value and trust as well as enhancement of the brand, the ability to attract top talent, and a positive corporate reputation.