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CEO succession planning is more important than you may realize. According to Harvard Business Review, nearly $1 trillion of market value is wiped out every year in the S&P 1500 from poorly managed CEO and C-suite transitions.
The researchers estimate that better succession planning could help the large-cap US equity market achieve 20% to 25% higher company valuations and investor returns.
In this article, you’ll learn what CEO succession planning involves and how you can optimize the process in your organization.
Contents
What is CEO succession planning?
6 steps to develop a CEO succession plan
New CEO transition checklist
Free CEO succession planning template
CEO succession planning best