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We recently co-authored a report for The Conference Board that examined the likely impact of the recent SEC policy reversal on CEO succession planning. In an early review, The Wall Street Transcript called it, “a must read for anyone interested in CEO succession and its implications for corporate governance and corporate performance.”
In its release the SEC reframes CEO succession as a risk management (and policy) issue and places its responsibility firmly in the boardroom. No longer can boards let management run CEO succession planning without tight oversight, including setting more specific standards and requirements, taking responsibility for results, and exercising discernable independence in the process. The policy change heralds a new wave of corporate governance scrutiny, as regulators and shareholders increasingly focus on CEO succession practices.
We invite you to download a complimentary copy and learn how to prepare for the inevitable governance and activist scrutiny ahead. We analyze the practical impact of the new SEC guidance, explain what shareholders need to know and why, and provide a straightforward guide on how to set up and manage CEO succession practices that satisfy stakeholder needs.
We hope that you find the paper of interest and value. Should you, or your colleagues, have an interest in discussing this subject further we'd be delighted to hear from you. As the governance landscape shifts on CEO succession planning, we advise Boards of Directors and company management how to best structure succession practices that mitigate risk, satisfy shareholder disclosure needs and prepare for planned and emergency CEO transition.