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Special Report on

Manage the CEO succession process

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The current economic crisis may be shrouded in uncertainty, but one outcome is already crystal clear: We are seeing a sharp increase in the rate of CEO turnover. The shake-out started last year in the financial services sector but has rapidly spread to other industries. That trend is shining a spotlight on one of the enduring weaknesses in U.S. corporate governance: At far too many companies, the CEO succession process is simply ineffective. Research findings over the past six or seven years have been surprisingly consistent; in one survey after another—most recently, the National Association of Corporate Directors 2008 Public ...
is an international management consulting firm. Founded in 1984, the firm adopted its current form in May 2007, when Mercer Oliver Wyman joined with Mercer Management Consulting and Mercer Delta to become one firm named Oliver Wyman. Oliver Wyman is headquartered in New York City with 40 offices in Americas, Europe and Asia Pacific and employs over 2,900 professionals. It is part of the Oliver Wyman Group, which is a business unit of Marsh & McLennan . Oliver Wyman is an established leader in the Financial Services consulting industry and has also been described by The New York Times as "a leader in general business ...
Is Your Organization Worth Preserving? Prepare with Succession ...
Known as the “Paula Revere” of succession planning, Paula has worked with hundreds of organizations and sums up core concepts of organizational health that every nonprofit will want to understand and act on for your long AND short term future. Known in the trade as SP&M, succession planning and management is a leadership building process that improves the “bench strength” of your organization in significant ways. The goal of SP&M is to hire the “right people with the right skills at the right time for the right reasons”. SP&M enables good hiring decisions, the development of a ready ... market research, surveys and trends
Solid Succession Plan Best Tool for Dealing with Shareholder ...
Boards and management of public companies may not realize it, but one of the most successful tools to deal with the economic activism of hedge funds and other investors is the CEO succession plan. The reasons are many, but ultimately the strategy of such investors in to split the board and management as they seek such strategic demands as management change, board change, compensation reform or new capital structure and allocation strategies. “The bottom line for dealing with an activist hedge fund is to understand their strategy,” David Katz, a corporate partner with Wachtell, Lipton, Rosen & Katz, said during The Conference ... market research, surveys and trends


What is Wrong With CEO Succession? | Articles | Chief Executive ...
Dropping for decades, the typical tenure of a CEO is now between four and five years. In fact, business leaders in some industries only hold their posts for an average of two to three years. Given that a rocky leadership transition can have a profoundly negative impact on a company, this shrinking CEO tenure suggests that succession planning is more critical than ever. Yet even large, well-run firms often fail to manage this crucial responsibility, Paul Winum, managing director and global practice leader of RHR International, pointed out to CEOs gathered for a roundtable discussion on CEO succession. “The absence of doing ... industry trends, business articles and survey research
Jun 24, 2010 ... While 70 percent of companies ... The importance of CEO succession planning was underscored in September ... planning process that a board puts in place provides an ... and 82 million against; at Bank of America, 2.6 billion in favor .... The proposal attempts to micro-manage the Board of Directors. ... industry trends, business articles and survey research
HR executives look to emerging technology to smooth processes
Robert Buggs, chief human capital officer at the Education Department, needs only to recall his first day on the job in November 2009 to empathize with new hires. "The stacks of paper and writing my name 10 times and writing my Social Security number 10 times," he says. "The first 4� hours they spend on board is completely paperwork." Like other federal human resources executives, he wants to use emerging technologies to streamline, automate and integrate the work of HR. Buggs' office is designing a system that will make all those dreary forms appear online for new hires to complete before arriving. ... market trends, news research and surveys resources
HORNADAY: Lands Seven-Race EZ-GO Sponsorship
E-Z-GO, a Textron Company, has announced that it will sponsor the No. 33 Chevrolet Silverado driven by veteran NASCAR driver Ron Hornaday and owned by Kevin Harvick Inc. in seven NASCAR Camping World Truck Series races through the remainder of the 2010 season. The Silverado will promote E-Z-GO's first street-legal vehicle, the E-Z-GO 2Five, now available at select dealerships across the country. The 2Five has a top speed of up to 25 mph and can be titled and operated by licensed drivers on most public roads with posted speed limits of 35 mph or less. "We are excited to grow our partnership with Kevin Harvick Inc. and ... market trends, news research and surveys resources


General Information - Matthews, Young - Management Consulting
Retained Search - Helped manage the CEO succession process for a community bank with a long-term leader, and both internal and external candidates. ... technology research, surveys study and trend statistics
Staff Legal Bulletin No. 14E (Shareholder Proposals)
This staff legal bulletin provides information for companies and shareholders regarding Rule 14a-8 under the Securities Exchange Act of 1934. Supplementary Information: The statements in this legal bulletin represent the views of the Division of Corporation Finance. This bulletin is not a rule, regulation or statement of the Securities and Exchange Commission. Further, the Commission has neither approved nor disapproved its content. The references to "we," "our" and "us" are to the Division of Corporation Finance. Contacts: For further information, please contact the Office of Chief Counsel in the ... technology research, surveys study and trend statistics
The Strategy of Succession Planning
When Business Week magazine features an article questioning why Herb Kelleher, CEO of the very successful Southwest Airlines, has not designated and groomed a successor, it exposes a weakness in many companies' strategic thinking. The concept of succession planning has become an important part of many companies' strategic planning but not in all companies. Too many think of succession planning as having application only in family owned companies or in large conglomerates. In fact, succession planning should be a part of every company's Strategic Plan - your ...
What defines a CEO as a Leader or a Manager in your opinion ...
The ability to gather as much information and opinions as she can from others other than herself and to implement those opinions into effective actions to drive the company and people within it to new heights. posted October 8, 2008 IMO he must a good example for his employees to be a respectable leader so, as Idrees has already said - hard working, honest person (not beats about the bush too much), of course good listener but also good speaker and motivator, I think he must have a vision and make other people share his vision and also the path to achieve it. posted October 8, 2008 CEO ►Growth Strategist ...