In today’s briefing:
- With Many Parent/Founder-Family Companies, Effective Succession Planning Is a Difficult Task
With Many Parent/Founder-Family Companies, Effective Succession Planning Is a Difficult Task
- In the activities of Nomination Committee, the formulation of policies and criteria for appointing directors, CEOs, as well as the consideration of succession plans, are given low priority.
- With major shareholders holding over 20% stakes present in half of companies, implementing process where the board accepts the nomination committee’s deliberated proposal on succession plans presents a significant hurdle.
- The failure of nomination committees and independent outside directors, who constitute a majority in many companies, to fulfill their critical roles may be a significant hindrance to corporate growth.
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