6 Case Studies in Business Ethics and Corporate Governance
from this the Apple Board never came out with their succession plan. This was one of the major issues
which again generated many questions about the corporate governance policy of Apple.
According to an article in the Fortune magazine’s online edition, there were strong indications that a
few members of Apple’s Board of Directors were in search of a suitable successor for Jobs. This search
was being done in an informal way, which should not be the case. However, according to spokeswoman
Katie Cotton, Apple Board had been working on the succession plan for several past years. They did
not disclose this because they felt that they may lose the competitive edge to their rivals. When Jobs ...
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