Current Practices For Senior Executive Successions
Succession planning for CEOs, executives, and other senior leaders is a complex process that involves careful consideration and the analysis of many factors. As the above quote highlights, the extreme planning required to fulfill the vacancies left by senior executives is an action that many organizations fail to undergo. For those organizations who do implement senior succession initiatives, there are many legal and ethical issues they must consider. These issues include confidentiality agreements, trade secrets, noncompete clauses, pigeon-holing, and glass ceilings.
For this Discussion, conduct research on the above-mentioned legal and ethical issues associated with the organizational succession planning of senior executives. Based on your research, select the issue that you find most interesting to evaluate its relevance and impact on today’s organizations undergoing the succession process for senior executives.
Post by Day 3 a cohesive and scholarly response based on your readings and research this week that addresses the following: