Changing Leaders
The board's role in CEO succession, and why they often pick the wrong leaders
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The selection of a chief executive counts among the most crucial—and riskiest—events for any company. Yet the process is little understood, usually unfolding in secrecy behind closed boardroom doors.
But in this age of takeovers, megamergers, global competition—and rising CEO visibility—the stakes in chief executive succession are higher than ever. Investors, analysts, and reporters have begun scrutinizing the decision makers—and questioning their process.