While corporate boards and CEOs embrace succession planning as a fundamental responsibility, many find it among their most challenging. In this special issue of Point of View, we reflect on a number of issues related to planning for the succession of the CEO, top executives and board directors. The issue examines the barriers boards can face in planning for CEO succession; the unique roles for the CEO and the board in succession planning; the pros and cons of the succession horse race; succession planning for the board; and advice to CEOs on managing the transition to their next phase.
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