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Purpose
The paper discusses some finer points on CEO succession.
Design/methodology/approach
This as a viewpoint paper in which the authors discuss the merits and disadvantages of various approaches to CEO succession
Findings
CEO succession planning is a fundamental element of enterprise risk. A board must have an effective CEO and the board must have a means to replace the CEO. Boards must have succession processes in place for the routine and the unplanned emergency.
Originality/value
It is hoped that the discussion will direct more attention to CEO succession and its challenges.
© Emerald Group Publishing Limited
2007
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