New research based on a survey of board directors, as well as in-depth interviews with directors, investors, and executive search consultants, reveals 10 pitfalls in CEO succession, from a hesitant CEO to mismanaged transitions to a superficial assessment of external talent. The research also revealed that the best successions have one thing in common: a trusted and engaged chief human resources officer (CHRO), who can bring structure, objectivity, and clarity to the process.
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