Commentators, and indeed boards, are inclined to generalise about the value of bringing in outsiders to succeed the CEO or the benefits of internal succession.
Believing that more evidence-based research was needed, we conducted a detailed study of the CEO transitions occurring within the current list of FTSE 150 companies between 2004 and 2008. In order to give boards proper guidance, we also sought to identify some key principles (based on this evidence) that should underpin any thoughtful and objective leadership succession process.
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