CEO Succession: Lessons from the Trenches by Dennis C. Carey,Dayton Ogden,Judith A. Roland

By Dennis C. Carey,Dayton Ogden,Judith A. Roland

no matter if brought about via unexpected tragedy, CEO functionality concerns, or a key govt easily going somewhere else or retiring, succession making plans has develop into a front-burner factor in company boardrooms around the kingdom. For board contributors, CEOs, and someone fascinated by the standard of governance in company the USA, CEO Succession fills the necessity for a pragmatic, best-practices roadmap that places the board of administrators squarely on the helm because the guiding strength for making sure the regular move of potent management.
Authors Carey and Ogden draw on own interviews and their very own behind-the-scenes paintings with the CEOs and administrators of a few of the top businesses on the planet to articulate the field-tested innovations and methods forums have to create a scientific and obvious making plans method that promotes a continuing transition of management at each point within the association. With an up-close examine such businesses as Metropolitan lifestyles, Hewlett-Packard, Mellon financial institution, and GTE, CEO Succession exhibits the best way to installed position the foremost components crucial within the succession making plans procedure: identify and maintain a competent succession time table and timetable; enforce a self-renewing succession tradition that develops leaders in any respect degrees of administration; create a fit courting among the Board and CEO that retains the CEO heading in the right direction; and benchmark inner applicants for CEO and different best posts with similar open air leaders.
With useful directions and skilled recommendation from best experts during this box, CEO Succession bargains an extended late antidote to what stakeholders, Wall highway, and the media have decried as a scarcity of board management in conducting its primary fiduciary accountability: making sure the regular circulate of powerful management in company America.

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