Does power determine who selects the successor?

Article Abstract:

A study shows that CEO succession in business enterprises is determined by the psychological biases and power held by the incumbent CEO and board members. Incumbent CEOs who are more powerful than their boards select successors who are of the same age and have the same funcational background and education as they do while boards that are more powerful than incumbent CEOs also prefer candidates who share their own demographic characteristics.

Research, Corporate directors, Succession planning (Business)

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Tapping networks to hire executives: a case of playing follow the leader?

Article Abstract:

The method of hiring the topmost executive followed by the organizations is depicted. The different ways followed by a company seeking to hire an executive normally follows the pattern of large firms.

Methods, Appointments, resignations and dismissals, Executives, Executive recruiting

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Passing the baton: does CEO relay succession work best?

Article Abstract:

The selection process of a successor for the chief executive officer (CEO) is a top management priority. The importance of planning a CEO succession is discussed.

Management dynamics, Influence, Company business management, Planning

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