Download or read book Inside Or Outside Chief Executive Officer Succession and Firm Performance written by Rui Xiao and published by . This book was released on 2010 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Inside CEO Succession written by Thomas J. Saporito and published by John Wiley & Sons. This book was released on 2012-08-13 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: A comprehensive guide to planning for CEO succession, from the experts at RHR As the demands from stakeholders for consummate leadership and good governance from a company's board of directors, its CEO, and its executive team increase, how the process of CEO succession is carried out has become more critical than ever before. Yet, over the past several years, a growing number of CEOs have failed early in their terms, often with devastating consequences to their companies and stockholders. By far the most common problem is a lack of ownership of the CEO succession process. Inside CEO Succession provides businesses, leaders, and boards with the strategies they need to execute their responsibilities with a heightened level of professionalism and ensure the sustained success of the companies they serve. Written by Dr. Thomas J. Saporito, CEO of RHR International, and Dr. Paul Winum, Senior Partner of RHR International, the lessons of Inside CEO Succession are rooted in RHR's long-standing history of bringing expert knowledge, experience, advice, and counsel to the issues related to CEO succession. The culmination of RHR's 65 years of experience providing expert counsel to the boards of directors of hundreds of companies, it explains how ego, role-relationships, power, and human dynamics associated with relinquishing leadership, preparing successors, and ceding power and authority to other people create undetected problems in the succession process and ultimately cause many CEOs to fail early in their tenures. Distills RHR's 65 years of experience helping businesses deal with CEO succession into one practical resource Presents strategies to enable boards to understand their role in succession planning and how to source leadership that best fits their organization's culture and requirements Brings together business acumen and psychological insight to help readers better prepare for more effective CEO succession To be successful, CEO succession requires a well-defined course of action that ensures that a number of highly capable candidates are ready to assume the chief executive position whether through an unexpected event or a planned transition. Inside CEO Succession is designed to help boards comprehensively manage that process and effectively sustain their company's profitability.

Download or read book Inside the Family Firm written by Morten Bennedsen and published by . This book was released on 2006 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or external chief executive officer (CEO). The paper uses variation in CEO succession decisions that result from the gender of a departing CEO's firstborn child. This is a plausible instrumental variable (IV), as male first-child firms are more likely to pass on control to a family CEO than are female first-child firms, but the gender of the first child is unlikely to affect firms' outcomes. We find that family successions have a large negative causal impact on firm performance: operating profitability on assets falls by at least four percentage points around CEO transitions. Our IV estimates are significantly larger than those obtained using ordinary least squares. Furthermore, we show that family-CEO underperformance is particularly large in fast-growing industries, industries with highly skilled labor force and relatively large firms. Overall, our empirical results demonstrate that professional, non-family CEOs provide extremely valuable services to the organizations they head"--National Bureau of Economic Research web site.

Download or read book CEO Succession written by Dennis C. Carey and published by Oxford University Press. This book was released on 2000-05-25 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether precipitated by sudden tragedy, CEO performance issues, or a key executive simply going elsewhere or retiring, succession planning has become a front-burner issue in corporate boardrooms across the country. For board members, CEOs, and anyone concerned about the quality of governance in corporate America, CEO Succession fills the need for a practical, best-practices roadmap that puts the board of directors squarely at the helm as the guiding force for ensuring the steady flow of effective leadership. Authors Carey and Ogden draw on personal interviews and their own behind-the-scenes work with the CEOs and directors of some of the leading companies in the world to articulate the field-tested strategies and techniques boards need to create a systematic and transparent planning process that promotes a seamless transition of leadership at every level in the organization. With an up-close look at such companies as Metropolitan Life, Hewlett-Packard, Mellon Bank, and GTE, CEO Succession shows how to put in place the key elements essential in the succession planning process: establish and sustain a reliable succession agenda and timetable; implement a self-renewing succession culture that develops leaders at all levels of management; create a healthy relationship between the Board and CEO that keeps the CEO on track; and benchmark internal candidates for CEO and other top posts with comparable outside leaders. With practical guidelines and experienced advice from leading consultants in this field, CEO Succession offers a long overdue antidote to what stakeholders, Wall Street, and the media have decried as a lack of board leadership in carrying out its fundamental fiduciary responsibility: ensuring the steady flow of effective leadership in Corporate America.

Download or read book The Dynamics of Taking Charge written by John J. Gabarro and published by Harvard Business Press. This book was released on 1987 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: Through studies of actual cases of manager succession, Gabarro isolates those factors that cause managers to succeed or fail in new positions, including prior experiences and support from superiors, and the steps involved in mastering the situation. Winner of the Johnson, Smith & Knisely Award for New Perspectives on Executive Leadership.

Download or read book CIO and Corporate Strategic Management Changing Role of CIO to CEO written by Gottschalk, Petter and published by IGI Global. This book was released on 2006-09-30 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book holds key information in improving a CIO's role, which would then advance his/her chances of moving into a CEO role. It provides analysis within theoretical frameworks and consulting recommendations, starting with the demand side of CEO successions, specifically highlighting approaches in IT foundations, e-business development and IT sourcing decisions"--Provided by publisher.

Download or read book The Recurrent Crisis in Corporate Governance written by Paul W. MacAvoy and published by Stanford University Press. This book was released on 2004 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: Taking a close look at American corporate governance, the authors show what is missing in today's corporate governance, and support a case for activating the board of directors to put new controls on management and take responsibility for the result.

Download or read book Strategic Leadership written by Sydney Finkelstein and published by Cengage Learning. This book was released on 1996 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: A thorough, in-depth treatment of strategic leadership that highlights knowledge creation and practical insight. The authors have been at the forefront of research and writing in this field; this book represents a compilation and creative extension of their own and others research on top executives. This brief one-color text is appropriate for MBA strategy courses or as a supplement to various upper-division managerial texts. Strategic Leadership is part of the Wests Strategic Management Series edited by Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson, authors of Strategic Management: Competitiveness and Globalization, 2nd.

Download or read book The Next CEO written by Thomas Keil and published by Routledge. This book was released on 2021-05-06 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shortlisted for the Business Book of the Year (International Books category) 2022 Every year, companies spend billions of dollars in board time and headhunter fees on CEO searches. In fact, the selection of the next CEO is the single most important task of the board of directors. Yet, despite the huge amount of time, money, and attention given to the task, many CEO changes fail, with disastrous consequences for all concerned. With so much at stake, it is natural to ask what companies and their boards can do to increase the odds of success. Illustrated with an abundance of real-life examples from interviews with CEOs, C-suite members, members of the boards, and headhunters supporting CEO searches, The Next CEO explains how boards can improve the odds of success with CEO succession by identifying clear CEO mandates and associated CEO profiles and by selecting CEOs that are fi t for purpose. It further explains how the CEOs of leading corporations effectively take charge and create results, providing a roadmap for incoming CEOs. These ideas are brought to life with case studies and interviews with well-known corporations such as ABB, Alibaba, Freudenberg, GE, Google, HNA, HP, Microsoft, Nestle, Nike, Nokia, Novartis, Roche, Sony, Tata, and Zurich Insurance. The book is invaluable practical reading for board members of medium-to-large-size fi rms involved with CEO succession, and for those preparing for their fi rst CEO position. It is also relevant to headhunters who are involved in the process of CEO succession as a working tool for them and their clients. In addition, the book will be relevant to courses on corporate governance and strategic transformation at the executive and MBA levels.

Download or read book Top Management Succession as a Determinant of Firm Performance and De escalation written by William Stephens Hesterly and published by . This book was released on 1989 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book CEO Succession Leadership and Dis similarity written by Cristina Pratelli and published by Springer. This book was released on 2018-12-18 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: CEO succession represents a challenge for many companies. The leadership style of the new CEO impacts employees’ attitudes which, in turn, might be biased by the comparison employees make with their previous CEO. Cristina Pratelli investigates how and why leadership style (dis)similarity between the predecessor and the successor develops and affects successor leadership effectiveness. After a literature review and a theoretical model, she presents results from a quantitative study with SMEs in Switzerland as well as a qualitative multiple-case study with family businesses based in Germany, Italy, and Switzerland. This work offers new insights into CEO selection, leadership development, and the effectiveness of organizations.

Download or read book The Roles Boards Play in CEO Succession Planning written by Yi Li Rivolta and published by . This book was released on 2014 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: A lack of CEO succession planning increases business risk as disruption is more likely during a CEO transition. One difficulty of examining the importance of CEO succession planning is that the planning process is difficult to observe and evaluate. The main purposes of this dissertation are two-fold. First is to investigate whether CEO succession planning matters by comparing disruption costs in firms with planned departure and those with unexpected CEO departures due to death and illness. The second purpose is to investigate whether inside or outside directors improve organizational resiliency using the context of sudden CEO departures when CEO succession planning is not possible and the former CEO is not available for consultation. Using a unique hand-collected data set of CEO turnovers from 1996 to 2009, I find evidence that firms with unexpected CEO departures have significantly shorter lead-time and greater disruption costs, compared to firms with planned CEO departures. Specifically, shorter lead-time is associated with less favorable cumulative stock performance and greater reduction in capital expenditure around the incumbent CEO’s departure. These results may indicate that a lack of CEO succession planning is associated with greater disruption costs. In fact, a lack of succession planning could cost firms approximately $136 million if the incumbent CEO departs unexpectedly. In addition, firms with both inside directors other than the CEO and well-connected outside directors are most resilient, whereas firms with neither non-CEO inside directors nor connected outside directors are least resilient and suffer the most. In addition, firms with greater inside director presence are less likely to engage in big bath accounting, i.e., taking advantage of the departure to largely write off assets.

Download or read book CEO Excellence written by Carolyn Dewar and published by Simon and Schuster. This book was released on 2022-03-15 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Based on extensive interviews with today's . . . corporate leaders, this look at how the best CEOs do their jobs focuses on the mindsets and actions that foster an environment of excellence"--

Download or read book Leadership Succession written by Stewart D. Friedman and published by Routledge. This book was released on 2017-09-04 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume focuses on the most critical strategic activity in any organization, namely, who gets chosen to sit in the top echelon of the pyramid. Friedman argues that it is the quality of corporate leadership that will determine corporate winners and losers in the global competitive game.The stakes in leadership succession are high. The selection of key figures is the one human resource activity that no one belittles for being of secondary importance. Indeed, leadership succession is so important and central in many executive minds that it crowds out any other work. The succession process is often fraught with political intrigue, it lacks discipline, and excludes meaningful involvement of senior human resource executives.The contributors to this imaginative volume reveal a succession planning process that is frequently sloppy, superficial, and regularly sabotaged by senior management when they give it short shrift in terms of quality time. In addition, senior management often overrides sound decisions when it comes to filling key positions. The result is a lack of integrity throughout the human resource systems that eventually leads to a collapse of belief in the system and its governance.Noel M. Tichy, a leading figure in the studies of human resource management, has said, ""Stewart Friedman is to be congratulated for a successful effort in providing a state of the art look at leadership succession. [He] provides us with an empirical database of what is happening in U.S. corporations, helpful prescriptions for future improvement of leadership succession, and a realistic assessment of the human resource executive challenges in this area.

Download or read book The Performance Consequences of CEO Succession written by Aline Gallay and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis is founded on the central idea of the Upper Echelons perspective developed by Ham-brick and Mason in the 1980s. This approach states that executives act on the basis of their own experiences, personalities and values and leads to the statement that diversity attributes impact the way executives take decisions and therefore the performance of the firm. The main goal of this thesis is to observe the impact of an outside CEO succession on the firm accounting perfor-mance. Inspired by Human Capital as well as Information-Processing theories, we hypothesized that aspects such as team change, pre-performance, functional and demographical diversity background of the TMT (Top Management Team) moderate the effect of outside CEO succession. A research on a sample of 142 firms from Great Britain and Netherlands revealed 73 cases of succession in the periods 2003 to 2004 and 2010 to 2011. A statistical analysis demonstrates that the provenance of the CEO does not have a significant impact on the performance. Nonetheless, it indicates that a team change ameliorates the effect of outside CEO on performance. TMT functional diversity, on the contrary, manifested a downturn of the effect. The strength of this thesis resides in the value of the dataset which is rare and difficult to collect. The promising results obtained open a new door for further research on the impact of outside CEO succession and the moderating effect of CEO and TMT diversity attributes.

Download or read book CEOs and White Collar Crime written by Petter Gottschalk and published by Springer. This book was released on 2017-05-11 with total page 161 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book aims to bridge the gap between general CEO research, which is traditionally focused on positive aspects of leadership, and lesser understood research into CEO misconduct and crime. Gottschalk introduces convenience theory as an integrated explanation for CEO involvement in white-collar crime. The chief executive officer is a unique position within an organization in terms of power and influence, role and behavior, compensation and benefits, and conflict and competition. The convenience perspective suggests that motivation (personal and organizational goals), opportunity (offense and concealment in an organizational context), as well as behavior (lack of control and neutralization of guilt) make financial crime a convenient option to avoid threats and to exploit opportunities. A thorough and methodical study, this book will be of special interest to scholars of corporate social responsibility and criminological theory.

Download or read book Managing in Uncertainty Theory and Practice written by Constantin Zopounidis and published by Springer Science & Business Media. This book was released on 2013-04-17 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a new point of view on the subject of the management of uncertainty. It covers a wide variety of both theoretical and practical issues involving the analysis and management of uncertainty in the fields of finance, management and marketing. Audience: Researchers and professionals from operations research, management science and economics.