Should Your Next CEO Come from Your Board?
When a company gives the CEO job to one of its own board members, people often assume that something must have gone wrong behind the scenes. Maybe the company is desperately trying to get itself out of a protracted period of tumult. Maybe the previous CEO’s departure was unexpected or forced, and only a tried-and-true board member can keep the ship sailing steadily until a permanent replacement can be found. Maybe the CEO’s departure was routine and expected, but somehow the succession-planning process just came up short.
