CEO selection and succession planning in Corporate Governance

Based on A.de. Kluyver (2009) , a discussion agenda is produced on CEO selection and succession plannning in the study domain of Corporate Governance, as follows:

1. Board of Directors' responsibility on CEO Selection
2. CEO succession planning as an ongoing process
3. Types of CEO turnovers and the managerial implications
4. Common board mistakes in CEO selection and CEO replacement strategies
5. Insider or outsider as CEO: pros and cons
6. How to groom the next CEO and the challenges of doing so
7. Major components of effective CEO succession planning:
• 5-10 years' planning
• Involvement of the full board
• An open ongoing dialogue with an annual review
• A shared and comprehensive selection  criteria
• A formal assessment process
• A good working relationshup wotj an executive search firm
• A comprehensive emergency succession plan

References

1. A.de. Kluyer, C. (2009) A Primer on Corporate Governance, Business Expert Press. [Chapter 5: CEO Selection ad Succession Planning]
2. On CEO selection: http://executivesource.ca/uncategorized/the-ceo-selection-challenge/
3. Corporate board and CEO selection (pdf): http://www.enterpriseethics.org/Portals/0/gl_corp_boards_ceo_succession_holcomb.pdf