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Inside CEO Succession: The Essential Guide to Leadership Transition by Paul Winum, Thomas J. Saporito

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Chapter 5

Establish Board Ownership, Involvement, and Oversight

“I decided when I was going to move into this role, and I'll decide when I'm going to leave it!”

—An anonymous, short-tenured CEO of a Fortune 500 company

Of the Ten Key Dimensions to effective CEO succession planning, Board Ownership, Involvement, and Oversight is necessarily the first element. This first dimension establishes and defines the fundamental mindset of the board, the one body that is in the best position to safeguard the continuity of the corporation by ensuring its sound leadership.

A Deeper Current of Understanding

Over the past 10 years, many external voices—including shareholders, analysts, regulators, and consumer groups—have stepped up their rhetoric, insisting ...

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