Effective boards have well-prepared CEO succession plans in place.

Name: Effective boards have well-prepared CEO succession plans in place.
Brand: Quizplus
Rating: 4.9 (51 reviews)

Question

Quizplus · Accepted Answer

Effective boards recognize the importance of having a plan in place to ensure a smooth leadership transition in the event of the CEO's departure or retirement. This includes identifying potential internal and external candidates, providing leadership development opportunities, and regularly reviewing and updating the plan as needed.

Effective Boards Have Well-Prepared CEO Succession Plans in Place