Governance: The View from Both Sides
In the 1990s, CEO succession planning was largely driven by the CEO. Today, boards are taking a much more active role in what is arguably their single most important decision. They're also expressing greater preference for internal candidates rather than "going outside" for a new CEO absent a crisis or turnaround scenario. These shifts have led board members to demand increased and meaningful exposure to key company executives so that they can get to know them better for succession-planning purposes.
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