Document Type
Report
Key Takeaways
Firms whose boards engage in more succession planning best practices consider multiple successor candidates, are more likely to promote a ready candidate from within, and are more likely to use external help in the process. • When CEOs have greater influence in selecting a successor, companies are less likely to use external help in succession planning.
Publication Date
2018
Source
Schepker, D.J., Nyberg, A.J., Ulrich, M.D., & Wright, P.M. 2018. Planning for future leadership: Procedural rationality, formalized succession processes, and CEO influence in CEO succession planning. Academy of Management Journal, 61: 523-552.
Disciplines
Business
Copyright
© 2018, University of South Carolina
Publication Info
Schepker, D.J., Nyberg, A.J., Ulrich, M.D., & Wright, P.M. 2018. Planning for future leadership: Procedural rationality, formalized succession processes, and CEO influence in CEO succession planning. Academy of Management Journal, 61: 523-552., 2018.