More On

Boards need to prepare for CEO succession

Board members, attorneys and human resource specialists need to work together to ensure companies are ready for CEO exits.

CEO succession planning has to be a top priority for boards of directors. Many directors may prefer not to think about it, especially if the company is moving along just fine. But emergencies can happen, and it is important to be prepared for them.

A company may need a new CEO quickly because of a variety of factors. The current chief executive may become ill, get fired quickly, or simply find another job.

Contributing Author

author image

Ed Silverstein

Ed Silverstein is a veteran writer and editor for magazines, websites and newspapers. A graduate of Harvard's Kennedy School of Government, he has won several...

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.