"The paper is a must read for anyone interested in CEO succession and its implications for corporate governance and corporate performance."
In October 2009 the SEC effectively removed the ordinary business exclusion defense used by companies reluctant to disclose their CEO succession process to shareholders. The policy change heralds a new wave of corporate governance scrutiny, as regulators and shareholders increasingly focus on CEO succession practices.
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Examining the Impact of SEC Guidance Changes on CEO Succession Planning
Posted by Edward Ferris, a Partner with Hedge Fund Solutions