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April 7, 2014 - the Corporate Board

Do You Have A Plan For Finding Your Next CEO?

Stephen A. Miles and David F. Larcker

Some of our largest public companies harbor a dirty little boardroom secret—their boards of directors have done shockingly little to assure sound, effective CEO succession. Re- search by Heidrick & Struggles finds boards often have vague succession “plans,” or are overly optimistic about the ability of CEO prospects to step up to the role. Plus, their top candidates may not even know about (or want) the job

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