Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Who owns the CEO succession process?

April 26, 2017CEO owns process Succession

0

Posted

Who owns the CEO succession process?

1 Answer

0

Posted

There are ultimately three critical owners of the CEO succession process who all need to ensure that the topic is on the agenda. • The Board’s most important responsibility is to appoint the CEO. The Chairman and/or the Chairman of the Nomination Committee should take ultimate responsibility for the process. • The CEO has the opportunity to leave a lasting legacy by providing the Board with strong internal succession options. • The Head of Group HR needs to work closely with the Board and/or Nominations Committee on CEO succession as it forms a key part of the company’s overall talent management and planning process.