Feature
Lessons From the Global Financial Crisis
By Stephen L. Boane
Five lessons for boards today amid a possible recession.
Trending Oversight Topics
Governance Surveys
Center for Inclusive Governance
Boardroom Guide
How Compensation Decisions Support CEO Succession
07/01/2022
Directorship Magazine
Photo Credit: Getty Images
One of a board’s most important responsibilities is selecting the CEO. Most boards have annual succession planning discussions and robust procedures to prepare for a transition. But, recognizing both the shrinking of leaders’ tenures and the shifting skill sets needed for future success, many boards are now making succession planning a continual process. Centered on an ongoing conversation with the CEO, the process might start with one or two candidates and then expand, internally or externally, as needed. Even under ideal conditions, however, succession is a sensitive process...
Blair Jones is a managing director at Semler Brossy with 30 years of consulting on executive compensation.
Deb Beckmann is a managing director at Semler Brossy Consulting Group.
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