Source Article: PRNewswire Korn/Ferry survey reveals more interest than action in CEO succession planning among top companies. A recent Korn/Ferry Executive survey indicates that the majority of global companies do not have a CEO succession plan in place, even though they regard CEO succession as an important element of overall corporate governance. The Korn/Ferry Institute […]
read more »By John DuRoss, a member of the ASLON Group Advisory Board. John is Vice Chairman of Enerco Group Inc. (EGI), a privately-held manufacturer of specialty heating products (including the well-known national brands Enerco, HeatStar and Mr. Heater) in Cleveland, Ohio. From 1981 to 2008, John served as President and Chief Operating Officer of EGI and […]
read more »By Timothy Smith There’s no question executive leaders realize the importance of succession planning, especially in light of increased scrutiny in recent years due to changes in federal regulation of financial reporting and CEO succession disclosure rules. So, why are so many companies lacking well-conceived succession plans for their organizations? Many CEOs do not have […]
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Situation ASLON Advisory Board member John DuRoss believes that, “as companies grow, a well-conceived succession plan is necessary for an orderly transition that guarantees the transfer of knowledge and company culture.” Some of the most critical searches are for an executive with the potential to move vertically in the organization, someone who will assume increased […]
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