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Article Strategy + Business A Head Start on Succession |
Our studies of CEO succession over the past several years have shown some improvements in the trends in CEO turnover, often resulting from outside pressures for improved oversight and better corporate governance. The next step in improving CEO succession—and ultimately in improving financial performance and long-term returns to shareholders—seems more likely to come from within, as management teams and boards improve their procedures for identifying and nurturing potential future leaders and for knowing when the time is ripe for change.
Keywords: Investment Return; Corporate Governance; Governing and Advisory Boards; Leadership Development; Management Practices and Processes; Management Succession; Management Teams; Business and Shareholder Relations;
Bower, Joseph L. "A Head Start on Succession." Strategy + Business, no. 51 (Summer 2008): 84–85.
