Given the importance of CEO succession planning and the fact that the average director reportedly will oversee about two CEO successions during his/her tenure, this new CEO succession resource from Spencer Stuart: "A Blueprint for CEO Succession" is worth sharing. The paper identifies and succinctly explains 10 basics for the board to maximize its potential for appointing the "right" CEO.
See also this recent WSJ article, "Succession Planning is Key to Smooth Transitions," and Korn Ferry's "Succession Matters" report - revealing the results of its 2014 global survey of over 1,000 C-Suite and other corporate leadership about their succession planning experiences and views. Be prepared: Almost 1/3 of survey respondents were dissatisfied with their recent succession management outcomes.