The gap in succession planning at corporations continues to raise serious problems for companies. The Stanford Graduate School of Business’ June issue examined research on CEO succession planning conducted by Heidrick & Struggles, the executive search firm, and Stanford’s Rock Center for Corporate Governance. According to David Larker a professor at Stanford’s Graduate School of Business,
“We found that this governance lapse stems primarily from a lack of focus: boards of directors just aren’t spending the time that is required to adequately prepare for a succession scenario.”
To get a summary of the research’s findings go to Stanford’s GSB News.
Recommended Reading – Successful leadership – how would you know? London Business School
February 13, 2009
Recommended Reading – SEC Targets CEO Succession Plans – New Risks for Boards, Says Heidrick & Struggles
October 30, 2009
Recommended Reading – CEO and CFO Career Consequences to Missing Quarterly Earnings Benchmarks – Academic Paper
September 24, 2008
Recommended Reading – Once an Outsider, Always an Outsider? CEO Origin, Strategic Change and Firm Performance – Rice
January 20, 2010
