Saturday November 21, 2009
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succession planning
Is the Succession Planning Process Broken?
August 12, 2009 by Matteo Tonello
More companies face an abrupt CEO departure amid an unsure economy.

What Boards Should Know About Senior-Level Executive Assessment
July 29, 2009 by Stephen P. Kelner Jr. and Ashley R. Stephenson
As boards have come to recognize that talent is the critical differentiator on what is often an otherwise level playing field, they have paid increasing attention to the issue of senior-level executive assessment.

The SEC ’s Bad Rx for Boards
March 11, 2009 by Dennis Carey
Amid all the chatter surrounding Apple CEO Steve Jobs’s ill health, one thing is clear to Dennis Carey, senior client partner in the CEO and board services division at Korn/Ferry International: the Securities and Exchange Commission (SEC) is also unwell.

Building the Enterprise Bench
February 1, 2009 by Aaron Bernstein
With more emphasis than ever on staying afloat, CEO succession is being re-examined and new strategies are being devised to identify and foster internal candidates. Stephen Miles and Theodore Dysart, managing partners at Heidrick & Struggles, led a Directorship roundtable on innovations in executive succession planning.

Leading Amid a Fickle Economy
December 18, 2008 by Joseph McCafferty
As tensions mount and the economy continues to flounder, many CEOs find themselves in situations they never anticipated. Unable to predict the fallout that has occurred, leaders are now faced with salvaging the remains of their businesses and preparing their strategies going forward.

SEC Blocks Succession Plan Proxy Proposal
December 10, 2008 by Joseph McCafferty
The Laborers’ International Union of North America (LIUNA) shareholder group’s proposal on succession planning at Whole Foods was blocked by the SEC. The SEC’s decision also encourages other corporations to ignore similar efforts.

A Higher Order of Thinking
October 1, 2008 by Nat Stoddard
Albert Einstein reportedly remarked that “it takes a higher order of thinking to solve a problem than it took to create it.” For most boards, often the most difficult and, without doubt, important issue is succession planning. Recent events on Wall Street only underscore this reality.

Firms Lack Contingency Planning
August 25, 2008 by Joseph McCafferty
Despite the current economic downturn, most American companies do not have a set strategy for maintaining talent, should the economy worsen.

Poor Succession Planning is Costly
July 29, 2008 by Joseph McCafferty
A new study finds that externally hired CEOs make 75 percent more than internally- promoted CEOs. Poor performers and small companies are the most likely to hire from outside.

Board Evaluations: Getting the Conversation Started
June 20, 2008 by Joseph McCafferty
A thorough board evaluation can reveal gaps in the collective skill sets of the board and show areas where individual members and committees can improve. They are also good communication tool since they can force a board to address issues that have been bubbling beneath the surface.

Book Excerpt: How Leaders Lead Leaders
May 1, 2008 by Joseph McCafferty
With the lip service being paid to corporate succession planning, Ed Lawler's newly published book titled "Talent: Making People Your Competitive Advantage" provides an in-depth look at how organizations can become more people-centric.

New Gripes Aired this Proxy Season
April 18, 2008 by Joseph McCafferty
Shareholders introduced new proposals for the 2008 proxy season. The mortgage meltdown, succession planning, and the safety of imported products were brought up for proposals.

The Leader Within
April 1, 2008 by Joseph L. Bower
One constant associated with companies that can sustain high performance is that they manage succession well. And more often than not, these long-term high performers pick insiders to succeed incumbents.

One View: The ‘Systematic Failure of Corporate Governance’
December 17, 2007 by Joseph McCafferty
The events of the second half of 2007—from credit market woes to the failure of solid succession planning—“is the result of a systematic failure of corporate governance."