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Creating an Effective CEO Succession-Planning Process
JAMES F. REDA
Arthur J. Gallagher & Company’s Human Resources and Compensation Consulting Practice
MOLLY A. KYLE
Arthur J. Gallagher & Company’s Human Resources and Compensation Consulting Practice
The board of directors should make leadership and succession planning a high priority, with meaningful compensation opportunities, especially for the CEO. A strong succession-planning process helps to prepare the entire organization to handle senior executive departures when they inevitably occur. Thoughtful and proactive executive compensation policies and programs are important to CEO succession. A balance in CEO–senior executive compensation is important, and vigilance in ensuring that senior ...
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