Is your board of directors succeeding with succession? The board is responsible for keeping the company aligned and moving towards fulfilling its longer-term vision. However, an opportunity that many boards miss involves succession management. Succession planning is perhaps a board’s most important role; the choice of the next CEO is a key determinant of the future state of the organization.
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This is the first of a four-part series examining the topic of CEO succession, and how to beat the odds when it comes to succeeding in a new executive role. In this initial article, we explore warning signs of CEO derailment and how to course-correct to help CEOs transition with success.
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While there are no cookie-cutter solutions for ownership transfer, there are some viable strategies to consider when it’s time to successfully hand over your company’s ownership to the next generation.
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Many construction leaders assume that leader development and succession issues have blown over since the recession put a swift end to the boom years’ war for talent.
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