CEO and director succession are quintessential board composition issues. Having smooth transitions in these leadership roles is crucial to a company’s long-term success. Board and committee leadership succession is also as important.
Building the bench: Strategic planning for CEO and executive succession
According to a recent study by PwC’s Strategy&, companies that are not prepared to replace their CEO lose, on average, $1.8 billion in shareholder value.
CEO succession planning: A critical board responsibility
A company’s performance and its board’s composition play key roles in determining whether it winds up with an internal or external candidate for CEO, according to this new publication.