The Art and Science of Finding the Right CEO

Planning for leadership succession is the most important job of a company's board of directors. But boards and CEOs often neglect this key responsibility because other business matters seem more pressing. At P&G, A. G. Lafley and his board began the process of selecting and developing succe...

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Bibliographic Details
Published in:Harvard business review 2011-10, Vol.89 (10)
Main Authors: Lafley, A G, Tichy, Noel M
Format: Magazinearticle
Language:English
Subjects:
Boards of directors
Chief executive officers
Professional recruitment
Succession planning
Online Access:Get full text
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Summary:Planning for leadership succession is the most important job of a company's board of directors. But boards and CEOs often neglect this key responsibility because other business matters seem more pressing. At P&G, A. G. Lafley and his board began the process of selecting and developing succession candidates as soon as Lafley took office. Succession planning demands the same coherence, discipline, and thoroughness that governance, enterprise risk and strategic oversight do.
ISSN:0017-8012