A new study shows that CEO succession plans are often more talk than action, Fortune says.
A new study by EY Global and Kennesaw State University sheds some light on how CEOs and owners of family-run companies perceive the strengths and weaknesses of family ownership, especially when it comes to succession and on what they do to make sure it endures as a family-run business.
As the saying goes, “the best laid plans of mice and men often go awry.” In the case of succession, an unexpected CEO vacancy can throw even a healthy organization into disarray.
Historically, Board Director Succession Planning has been relegated to a process focused on simply “replacing” a particular individual who is retiring with someone who is most like that particular individual. Although instituted quite frequently, this historical approach ignores three truths that are worth examining.
A new study of investor concerns provides CEOs and boards a roadmap for reducing risk and improving business performance.
CEO succession practices have witnessed a sea change over the past decade. In the not-so-recent past, anointing a successor- regardless of what official corporate...
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WC_Custom_Recipients Object
(
[version] => 1.0.0
[order_data_meta_key] => _wccr
[cart_item_data_meta_key] => _wccr_recipients
[cart_products] => Array
(
)
[product_ids] => Array
(
)
[products] => Array
(
)
[products_prices] => Array
(
)
[shipping_fields] => Array
(
[shipping_first_name] => Array
(
[label] => First name
[required] => 1
[class] => Array
(
[0] => form-row-first
)
[autocomplete] => given-name
[priority] => 10
)
[shipping_last_name] => Array
(
[label] => Last name
[required] => 1
[class] => Array
(
[0] => form-row-last
)
[autocomplete] => family-name
[priority] => 20
)
[shipping_company] => Array
(
[label] => Company name
[class] => Array
(
[0] => form-row-wide
)
[autocomplete] => organization
[priority] => 30
[required] =>
)
[shipping_country] => Array
(
[type] => country
[label] => Country / Region
[required] => 1
[class] => Array
(
[0] => form-row-wide
[1] => address-field
[2] => update_totals_on_change
)
[autocomplete] => country
[priority] => 40
)
[shipping_address_1] => Array
(
[label] => Street address
[placeholder] => House number and street name
[required] => 1
[class] => Array
(
[0] => form-row-wide
[1] => address-field
)
[autocomplete] => address-line1
[priority] => 50
)
[shipping_address_2] => Array
(
[placeholder] => Apartment, suite, unit, etc. (optional)
[class] => Array
(
[0] => form-row-wide
[1] => address-field
)
[autocomplete] => address-line2
[priority] => 60
[required] =>
[label] => Apartment, suite, unit, etc. (optional)
[label_class] => Array
(
[0] => screen-reader-text
)
)
[shipping_city] => Array
(
[label] => Town / City
[required] => 1
[class] => Array
(
[0] => form-row-wide
[1] => address-field
)
[autocomplete] => address-level2
[priority] => 70
)
[shipping_state] => Array
(
[type] => state
[label] => State
[required] => 1
[class] => Array
(
[0] => form-row-wide
[1] => address-field
)
[validate] => Array
(
[0] => state
)
[autocomplete] => address-level1
[priority] => 80
[country_field] => shipping_country
[country] => US
)
[shipping_postcode] => Array
(
[label] => ZIP
[required] => 1
[class] => Array
(
[0] => form-row-wide
[1] => address-field
)
[validate] => Array
(
[0] => postcode
)
[autocomplete] => postal-code
[priority] => 90
)
)
[cart_recipients] => Array
(
)
[recipients] => Array
(
)
[recipients_values] => Array
(
)
[update] => 0
)
WC_Cart Object
(
[cart_contents] => Array
(
)
[removed_cart_contents] => Array
(
)
[applied_coupons] => Array
(
)
[shipping_methods:protected] =>
[default_totals:protected] => Array
(
[subtotal] => 0
[subtotal_tax] => 0
[shipping_total] => 0
[shipping_tax] => 0
[shipping_taxes] => Array
(
)
[discount_total] => 0
[discount_tax] => 0
[cart_contents_total] => 0
[cart_contents_tax] => 0
[cart_contents_taxes] => Array
(
)
[fee_total] => 0
[fee_tax] => 0
[fee_taxes] => Array
(
)
[total] => 0
[total_tax] => 0
)
[totals:protected] => Array
(
[subtotal] => 0
[subtotal_tax] => 0
[shipping_total] => 0
[shipping_tax] => 0
[shipping_taxes] => Array
(
)
[discount_total] => 0
[discount_tax] => 0
[cart_contents_total] => 0
[cart_contents_tax] => 0
[cart_contents_taxes] => Array
(
)
[fee_total] => 0
[fee_tax] => 0
[fee_taxes] => Array
(
)
[total] => 0
[total_tax] => 0
)
[session:protected] => WC_Cart_Session Object
(
[cart:protected] => WC_Cart Object
*RECURSION*
)
[fees_api:protected] => WC_Cart_Fees Object
(
[fees:WC_Cart_Fees:private] => Array
(
)
[cart:WC_Cart_Fees:private] => WC_Cart Object
*RECURSION*
[default_fee_props:WC_Cart_Fees:private] => Array
(
[id] =>
[name] =>
[tax_class] =>
[taxable] =>
[amount] => 0
[total] => 0
)
)
[cart_session_data] => Array
(
[cart_contents_total] => 0
[total] => 0
[subtotal] => 0
[subtotal_ex_tax] => 0
[tax_total] => 0
[taxes] => Array
(
)
[shipping_taxes] => Array
(
)
[discount_cart] => 0
[discount_cart_tax] => 0
[shipping_total] => 0
[shipping_tax_total] => 0
[coupon_discount_amounts] => Array
(
)
[coupon_discount_tax_amounts] => Array
(
)
[fee_total] => 0
[fees] => Array
(
)
)
[coupon_applied_count] => Array
(
)
[coupon_discount_totals] => Array
(
)
[coupon_discount_tax_totals] => Array
(
)
)
