Corporate America's hit-or-miss approach to succession planning

GC succession is too often left to chance

Consider this: Approximately one-quarter of current general counsel in the Fortune 500 are now over 60, and recent SEC actions suggest that organizational succession planning for general counsel may soon become a question of legal compliance.

It’s no surprise then, that, as Julie Preng, managing director for the Legal Center of Expertise at Korn/Ferry International, wrote on page 34 of this issue, “transition due to succession is likely to be a hallmark of the next five years in corporate America.”

Lloyd M. Johnson Jr.

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