Succession

At the heart of many botched appointments is the lack of a clear mandate.

A CEO’s sudden departure creates uncertainty — unless the board already knows whom it wants to hire.

Accounting scandals led to more independent corporate boards, but this trend has financial costs.

Research finds three key reasons boards fail at CEO succession planning.

For boards dealing with an embattled CEO, doing nothing may pay off in the long run.

Hiring CEOs from outside the industry is a higher-risk, higher-reward proposition.

Farsighted investors can check wayward founder-CEOs by creating strong and independent boards.