CEO Succession Practices: 2012 Edition

The Conference Board Research Report R-1492-12-RR

Georgetown McDonough School of Business Research Paper

60 Pages Posted: 15 Apr 2013

See all articles by Jason D. Schloetzer

Jason D. Schloetzer

Georgetown University - Department of Accounting and Business Law

Matteo Tonello

The Conference Board, Inc.

Melissa Aguilar

The Conference Board, Inc.

Date Written: April 13, 2013

Abstract

CEO Succession Practices: 2012 Edition documents and analyzes succession events of chief executive officers (CEOs) of S&P 500 companies. In addition to updates on historical trends, the study features discussions of the most notable cases of CEO succession that took place in 2011 (based on press announcements and other publicly available information) as well as the results of a survey of corporate secretaries and general counsel on the succession oversight practices of their boards (administered annually by The Conference Board).

The study includes the following: Part I-CEO Succession Trends (2000–2011): Year-by-year succession rates; Part II-CEO Succession Practices (2011): Includes two sections, “Board Practices in CEO Succession Planning” and “Communication Practices in CEO Succession”; Part III-Notable Cases of CEO Succession (2011): Summaries of 10 episodes of CEO succession that made headlines in 2011 (Advanced Micro Devices; The AES Corporation; Apple; First Solar; Gannett Co.; Hewlett-Packard; H&R Block; Newell Rubbermaid; PG&E; and Yahoo); Part IV-Shareholder Activism on CEO Succession Planning (2011): Discusses a critical policy reversal by the U.S. Securities and Exchange Commission on the excludability of shareholder proposals in CEO succession policies (Hewlett-Packard; Kohl's; News Corp; Red Robin Gourmet Burgers; United Natural Foods).

Concluding the report is an appendix of The Conference Board Roadmap to CEO Succession Planning, which outlines a series of steps intended to help directors organize succession planning, integrate it with existing board responsibilities, make it transparent to all stakeholders, and ultimately define it as an ongoing element of business strategy.

Suggested Citation

Schloetzer, Jason D. and Tonello, Matteo and Aguilar, Melissa, CEO Succession Practices: 2012 Edition (April 13, 2013). The Conference Board Research Report R-1492-12-RR, Georgetown McDonough School of Business Research Paper, Available at SSRN: https://ssrn.com/abstract=2250357 or http://dx.doi.org/10.2139/ssrn.2250357

Jason D. Schloetzer

Georgetown University - Department of Accounting and Business Law ( email )

McDonough School of Business
Washington, DC 20057
United States

Matteo Tonello (Contact Author)

The Conference Board, Inc. ( email )

Melissa Aguilar

The Conference Board, Inc. ( email )

845 Third Avenue
New York, NY 10022
United States

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