What are the five primary causes of CEO succession? What percentage of companies have a CEO succession plan and why is it important to have one?
What will be an ideal response?
There are five primary causes of CEO succession: poor performance; scapegoating; strategic shift; planned succession, such as retirement; and unexpected succession, such as death (Nyberg et al., 2017). Unfortunately, fewer than half of public and private corporate boards have CEO-succession plans in place, despite the fact that in 2016 CEO turnover around the globe was almost 15% (Plank, 2014; PwC Strategy, 2017). Depending on the circumstances, that can be a costly mistake. An analysis of 4,498 CEO successions from 2000 to 2014 found that companies forced to fire their leader lost an average of $1.8 billion in shareholder value compared with companies that orchestrated a replacement (Pierson & Kitroeff, 2016).
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If the Family Court Act sets out rules of evidence in a particular type of case that are different from those set out in the CPLR, the practitioner should follow the ________________________________.
Fill in the blank(s) with the appropriate word(s).
The obligation of a contract under the Constitution means
A. duty of the parties to perform. B. the terms of the agreement. C. the rights of the parties under the contract. D. None of the above.
Alvin and Betty sign a contract which Alvin can't perform. Instead of breaching the contract, Alvin finds someone else to perform his obligations, and Betty signs a separate agreement with that person for the same consideration. Does Alvin still have to perform under the original contract?
A) Yes, as long as Betty wants Alvin to perform. B) Yes, because the second contract does not discharge Alvin's obligation under the first. C) No, because Alvin fulfilled his obligations by finding an alternate means of performing. D) No, because the second contract is a novation which discharges the obligations under the first.
Most office legal memoranda begin with the statement of the assignment.
Answer the following statement true (T) or false (F)