Professional Documents
Culture Documents
Labor Market For Executives and CEO Succession Planning
Labor Market For Executives and CEO Succession Planning
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
CEO Turnover
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
CEO Turnover
Fich and Shivdasani (2006); Brickley (2003); Huson, Parrino, and Starks (2001)
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
Newly Appointed CEOs
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
Models of Succession Planning
1. External candidate
2. President and/or COO
3. Horse race
4. Inside-outside model
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
1. External Candidate
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
2. Chief Operating Officer
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
3. Horse Race
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
4. Inside-Outside Model
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
Considerations in Succession Planning
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
Considerations in Succession Planning
After a new CEO has been selected, the board should take
active steps to facilitate a smooth transition.
- Engage in open and honest dialogue
- Be forthcoming about expectations
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
How Are Boards Doing?
Heidrick & Struggles and the Rock Center for Corporate Governance (2010)
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
Conclusions
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr
Bibliography
Stanford Graduate School of Business, Center for Leadership Development & Research: http://www.gsb.stanford.edu/cldr