PwC thought leadership:
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, compared with those that implement leadership changes through a planned CEO succession process.
Governing for the long-term: Board Priorities and Practices (2015 Annual Corporate Directors Survey – Strategy and risk)
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.
Family Business Corporate Governance Series: Succession planning
Succession planning’s goal is to provide the least amount of disruption to your business and to give you the widest possible choice of qualified candidates before you make that decision. While the process may consider candidates from outside the family and the company, in many cases it focuses on managers who are already with the company.
Family Business Corporate Governance Series: What is a board’s role in a family business?
More and more family businesses are interested in corporate governance today. Many want to understand the value a board brings, and how to evolve their board to provide that value. This publication is the first in a series about family business corporate governance.