Description
Book SynopsisA comprehensive guide to planning for CEO succession, from the experts at RHR As the demands from stakeholders for consummate leadership and good governance from a company''s board of directors, its CEO, and its executive team increase, how the process of CEO succession is carried out has become more critical than ever before. Yet, over the past several years, a growing number of CEOs have failed early in their terms, often with devastating consequences to their companies and stockholders. By far the most common problem is a lack of ownership of the CEO succession process. Inside CEO Succession provides businesses, leaders, and boards with the strategies they need to execute their responsibilities with a heightened level of professionalism and ensure the sustained success of the companies they serve.
Written by Dr. Thomas J. Saporito, CEO of RHR International, and Dr. Paul Winum, Senior Partner of RHR International, the lessons of Inside CEO Succession ar
Table of Contents
Acknowledgments xiii
Foreword: Douglas R. Conant, former CEO of Campbell Soup Company xv
Introduction 1
Part I: Why CEO Succession Is More Critical than Ever 5
Chapter 1: From Checkers to 3-D Chess 7
Chapter 2: Success or Failure—The Cause and Cost 21
Chapter 3: Whose Job Is It, Anyway? 39
Chapter 4: RHR’s Essential Point of View 55
Part II: The 10 Key Dimensions of Effective Succession 71
Chapter 5: Establish Board Ownership, Involvement, and Oversight 73
Chapter 6: Set Succession Time Frames 89
Chapter 7: Prepare for Emergencies 105
Chapter 8: Align on Strategy and Profile 119
Chapter 9: Build the Talent Pipeline 131
Chapter 10: Source External Talent and Manage Search Firms 145
Chapter 11: Select the CEO 157
Chapter 12: Proactively Manage the Transition 169
Chapter 13: Measure Performance and Improve Process 187
Chapter 14: Manage the Dynamics in CEO Succession 197
Epilogue: Perspectives on the Future 205
Appendix: Ten Questions a Director Should Ask 213
About RHR International 219
References 221
Index 229
