Seven Myths of CEO Succession

Email     |     Share  
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9
Previous Next

Click through for seven myths surrounding CEO succession, as identified by The Miles Group and the Stanford Graduate School of Business.

The CEO's departure is, sooner or later, inevitable – but are companies prepared for it?

With CEOs turning over at a rate of 10 to 15 percent per year – from jumping to another firm to resigning due to poor health or poor performance, or just retiring – companies would be expected to be well-prepared for CEO succession. But governance experts from Stanford and The Miles Group have found a number of broad misunderstandings about CEO transitions and how ready the board is for this major change.

In their recent piece for the Stanford Closer Look Series, David Larcker and Brian Tayan of the Corporate Governance Research Initiative at the Stanford Graduate School of Business and Stephen Miles of The Miles Group name seven myths around CEO succession – myths shared by corporate boards as well as the larger business community.

"The selection of the CEO is the single most important decision a board of directors can make," say the authors, but turmoil around these decisions at the top "have called into question the reliability of the process that companies use to identify and develop future leaders."

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
More Slideshows

IT_Man85-290x195 Business in the Front, Balance All Around: Working with Gen Z

In order to attract Gen Z talent, employers will need to take into account that this group of the workforce may expect a different set of benefits. ...  More >>

KavaliroITSkills0x 5 Essential Skills for the IT Leader

Successful IT leaders have to have very specific skills, but still know how to run a team, meaning they must master the so-called soft skills that are not taught formally. ...  More >>

ITCareers47-290x195.jpg Finding the Right Employer: 6 Interview Questions

Like Goldilocks, finding a job that's just right can be a challenge. Here are six questions you need to bring to your next interview. ...  More >>

Subscribe to our Newsletters

Sign up now and get the best business technology insights direct to your inbox.