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

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Chapter 9

Build the Talent Pipeline

“The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.”

—Dr. Martin Luther King, Jr.1

Defining the strategic direction of a company and the talents and skills required of its leadership to advance the organization into its future are fundamental responsibilities of a board of directors. The most successful companies are the ones in which board and management approach those responsibilities in close partnership and with genuine consensus. In their alliance, directors and senior management—together—determine what constitutes success and gain a clear understanding of the performance requirements of its company's ...

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