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The Role Board and the CEO In Ensuring Business Continuity

Asked about his succession plan, the much more than simply having a CEO of a major U.S. corporation recently responded that he carries in his pocket a paper with the name of his replacement, should he be unable to continue. Though not the most methodical succession plan, this dat- ed and dangerous “hit-by-a-bus” approach is far more common than many CEOs and boards of directors would care to admit.

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