CEO Succession Planning: Principles and Considerations | Practical Law

CEO Succession Planning: Principles and Considerations | Practical Law

This Note focuses on CEO succession planning in the ordinary course of a company's business. This Note discusses which individuals should participate in the planning process and key principles behind a successful process. In addition, this Note offers a sample framework of the main steps a company could take to create an effective plan and reviews issues surrounding the transition to a new CEO. This Note also describes certain required actions triggered by the departure of the current CEO and the appointment of a new CEO.

CEO Succession Planning: Principles and Considerations

Practical Law Practice Note 9-583-1205 (Approx. 13 pages)

CEO Succession Planning: Principles and Considerations

by Practical Law Corporate & Securities, based on a resource contributed by Avrohom J. Kess and Yafit Cohn, The Travelers Companies, Inc., formerly with Simpson Thacher & Bartlett LLP
Maintained • USA (National/Federal)
This Note focuses on CEO succession planning in the ordinary course of a company's business. This Note discusses which individuals should participate in the planning process and key principles behind a successful process. In addition, this Note offers a sample framework of the main steps a company could take to create an effective plan and reviews issues surrounding the transition to a new CEO. This Note also describes certain required actions triggered by the departure of the current CEO and the appointment of a new CEO.