Friday May 25, 2012

The Director’s Guide to CEO Succession

The issue of CEO succession as viewed from the recruiter, legal and compensation consultant’s perspective. Plus: Veteran directors and C-suite executives opine on what work, and what doesn’t.

CEO succession planning is widely acknowledged to be one of the board’s key responsibilities, writes Joe Griesedieck of Korn/Ferry International in Nothing Succeeds Like Succession, the main story in the inaugural Director’s Guide to CEO Succession Planning. Plus, a roundtable facilitated by subject-matter experts features the views and experience of veteran directors including Bonnie Hill and Ray Groves,  Broadridge CEO Richard J. Daly and Prudential Financial Corporate Secretary Margaret Foran. Morrison & Foerster’s David M. Lynn writes on how an emergency succession planning may be very different than what a company needs long term in Expect the Unexpected Before the Crisis Calls; Korn Ferry’s Nels Olson on Overcoming Resistance to Succession; and Pearl Meyer & Partners’ Matt Turner on how Executive Compensation Programs Can Help or Hurt CEO Succession Planning.

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