Boards Are Too Passive in Developing CEO Successors @Stanfordbiz @Stanfordcorpgov @Stanfordrock

Article ID: 614973

Released: 12-Mar-2014 1:00 PM EDT

Source Newsroom: Stanford Graduate School of Business

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Why can it take so long for a new CEO to be named when an old one departs? Ask Stanford faculty member David Larcker, who recently led a study that found boards of directors don't really know the senior leadership at their companies all that well -- and it can be a serious liability in identifying a CEO successor.

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