Appendix: Ten Questions a Director Should Ask
Here is a series of questions a responsible director should ask to ensure that a board of directors is cultivating a best practice in its most important area of governance—CEO succession planning. These questions align with our 10 Key Dimensions of effective CEO succession planning and our commentary offers a guide as to what a director should hope to hear as confirmation of a best practice.
In virtually every instance, the director should anticipate the involvement of a lead director, orchestrating the way in which board ownership for CEO succession planning is defined and managed—in partnership with the CEO.
An independent lead director with sound judgment and relational skills can become the ...