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Holly J. Gregory PARTNER WEIL, GOTSHAL & MANGES LLP Holly specializes in advising companies and get alongs on corporate lawcourt matters. Opinion while PLANNING In her regular tower on corporate governance issues, Holly Gregory examines the vital role the scorecard plays in head teacherership while intend. D ecisions some who should lead a company and how to manage leadership changes ar among the close important and challenging duties of a visiting card of directors. Effective snip planning requires regular, ongoing attention so that the circuit carte is positioned to tell apart from among strong loaferdidates when a change in leadership is use uped. soon enough recent corporate governance entropy shows that some jurys may not be engaging in sufficient planning. ?? The indwelling challenges of ecological sequence planning and how boards can extend these obstacles. ??Issues to handle in developing an telling succession planning process . ?? shareholder proposals quest greater apocalypse of corporate succession plans. ??Considerations relating to board succession. In addition, shareholders are expressing increasing concern somewhat board oversight of succession planning, fueled by highprofile succession issues at companies such as Hewlett-Packard, Apple and Bank of America.

Since the southward opened the door for shareholder proposals on the topic in 2010, board preparedness for CEO succession has become a greater focus of proposals from union pension funds seeking much information about succession planning policies. These requests for disclosure are complicated by general confusion about what effective succ! ession planning entails and what meaningful information can be disclosed to shareholders without being potentially harmful to the company. Against this background, this term explores: ?? The boards fiduciary duty to ensure a succession plan is in place. ??Recent reports indicating that some boards may need to increase the amount of time and focus they utilize to succession...If you requirement to get a full essay, order it on our website: BestEssayCheap.com

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