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Special Report on

Planning for CEO Succession

planning for ceo succession special research report Photo by media.ft.com
he declared it was "time to begin to transition to the next generation of leadership" at the company. There was just one problem: The largely new and recomposed board had not coalesced on a succession plan and had to embark on a CEO search that was resolved only when Brian Moynihan was elected in December. Through this lack of preparation in strategic planning, Bank of America had opened the door to scrutiny and criticism. The economic crisis--with its imperative to break with the past for a variety of reasons, from new government pressures to disoriented consumers--highlights the perils of neglecting CEO succession. ( BAC
(born April 12, 1963), was a candidate for the 2010 Republican gubernatorial nomination in Iowa. He is a former high school principal, non-profit CEO, and currently the president and CEO of MVP Leadership in Sioux City, Iowa . MVP Leadership specializes in strategic planning, fund development, succession planning, inspiration, and executive mentorship.
REVIEWS AND OPINIONS
CEO Succession: An Ongoing Process Starting with Your Strategy
What do corporations, government agencies, and nonprofits have in common? They all struggle to handle well the succession of their top person. Why is this? A myriad of reasons, but a few that we see repeatedly are echoed in a good article by Ana Dutra and Joseph E. Griesedieck , Planning for Your Next CEO: It's High Time for Boards to Get Succession Planning Right. The authors are right on in their observation that CEO succession all too often becomes at best an exercise in damage control and at worst an unseemly scramble that can hurt a company, shareholder value, and public perception. So why doesn't ... market research, surveys and trends
What a COO does and how to hire one « Hunted Head
When the CEO  is too busy to manage the production quotas and other operational factors of an organization, the Chief Operating Officer ( COO ) steps in to fulfill that responsibility. Often known as one of the top executives or the senior vice president in the corporate hierarchy, the COO reigns over the day-to-day activities of an organization, reporting back to the Board of Directors on a regular basis.  So the focus of the COO is on operations management, which means he or she is responsible for the development, design, operation, and improvement of the systems that create and deliver the firm’s products/services.   ... market research, surveys and trends

SURVEY RESULTS FOR
PLANNING FOR CEO SUCCESSION

Planning for your next CEO
When Ken Lewis announced last September that he would be stepping down as CEO of Bank of America, he declared it was “time to begin to transition to the next generation of leadership” at the company. There was just one problem: the largely new and recomposed board had not coalesced on a succession plan and had to embark on a CEO search that was resolved only when Brian Moynihan was elected in December. Through this lack of preparation in strategic planning, Bank of America had opened the door to scrutiny and criticism. The economic crisis—with its imperative to break with the past for a variety of reasons, from new government ... industry trends, business articles and survey research
Selecting the CEO wht paper
million in annual revenue have no meaningful CEO succession plan.9. Certainly, some companies are paying ... 20 percent were highly satisfied with the process ..... Randall Tobias, “Planning for CEO Succession,” Directorship, June 2003 ... industry trends, business articles and survey research
RELATED NEWS
Study Shows Serious Gaps in CEO Succession Planning
“The Filing Cabinet” is written by Melissa Klein Aguilar, a long-time business journalist who first began writing for Compliance Week in 2005. She closely follows all issues related to SEC registrants, Sarbanes-Oxley compliance, evolving securities rules, and executive compensation, among other areas. She welcomes questions, comments and statements from readers on SEC filing matters, and where appropriate she will try to address them here. She can be reached via email at Melissa@complianceweek.com .   Is a lack of succession planning putting your company at risk? According to new research Heidrick & ... market trends, news research and surveys resources
Succession in the Friendly Skies
In today's business environment, where every company decision is transparent to employees, stockholders and even the media, the margin for error when it comes to strategic leadership development is narrowing. Getting an executive team assessed and groomed for CEO succession is not easy, but it's no longer optional. In October 2009, the U.S. Securities and Exchange Commission issued Staff Legal Bulletin No. 14E, a CEO succession mandate recommending greater transparency and shareholder disclosure about the management of succession risk "so that the company is not adversely affected due to a vacancy in leadership. ... market trends, news research and surveys resources

INFORMATION RESOURCES

Planning Ahead for CEO Succession - WHAT YOU NEED TO KNOW
In a 2003 study of community foundation CEOs, more than half of the CEOs surveyed anticipated leaving their current positions within five years.1 ... 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
Serious Gaps in CEO Succession Planning
More than half of companies today cannot immediately name a successor to their CEO should the need arise, according to new research conducted by Heidrick & Struggles and Rock Center for Corporate Governance at Stanford University. The survey of more than 140 CEOs and board directors of North American public and private companies reveals critical lapses in CEO succession planning. June 2010 Stanford Graduate School of Business – More than half of companies today cannot immediately name a successor to their CEO should the need arise, according to new research conducted by Heidrick & Struggles and Stanford ...
REAL TIME
PLANNING FOR CEO SUCCESSION
  1. profile image wallybock Fm MarketWatch: Succession Planning, Corporate Reputation and Investor Confidence are Top Challenges for Today's CEOs http://bit.ly/980anV
  2. profile image ReputationRx What's on CEOs' minds? 3/4 say they do enough to protect their co. reputations. http://bit.ly/95epsO #ceoreputation
  3. profile image FTFnews Succession Planning, Corporate Reputation & Investor Confidence are Top Challenges for Today's CEO's .... http://bit.ly/co00XZ
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QUESTIONS AND ANSWERS
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 ...
How deep into the Organization do you detail for Succession ...
Most that do formal succession planning will start with VP level. Do you also do formal planning for directors, managers, supervisors . . . posted 3 months ago in Personnel Policies | Closed Share This Principal at Your Training Team. Helping businesses maximize their most valuable resource their people. see all my answers Best Answers in: Organizational Development (5), Career Management (4), Business Development (3), Staffing and Recruiting (2), Planning (2), Quality Management and Standards (2), Customer Service (1), Personnel Policies (1), Business Analytics (1), Change Management (1), Labor Relations (1), Non-profit ...