A law that has impacted succession planning for CEOs is

Question

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The Sarbanes-Oxley Act (SOX) requires publicly traded companies to disclose more information about their executive compensation plans and provides for harsh penalties for executives who engage in financial improprieties. As a result, companies have become more cautious when hiring and promoting executives, especially those who will be responsible for financial reporting. This, in turn, has affected the succession planning for CEOs as boards of directors must carefully consider the qualifications and track record of potential successors.

A Law That Has Impacted Succession Planning for CEOs Is