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Roundtable Discussion on CEO Succession Planning
Cost: CSCS Members: $40.00 + GST = $42.00 Non-Members: $55.00 + GST = $57.75 Toronto CSCS members, join us for an roundtable discussion on CEO Succession Planning, on Thursday October 29th, to be hosted by Beverly Behan, President: Board Advisor, LLC - New York and Columnist: “The Boardroom”, BusinessWeek.com.
Bank of America’s board has come under sharp criticism for their lack of preparation for Ken Lewis’ succession. Earlier this year, the US-based National Association of Corporate Directors released a study of over 700 directors of public companies in which more than 90% responded that CEO succession planning was a critical or important board responsibility, but more than 50% of directors rated their boards as less than effective in the area of CEO succession planning. Canadian governance experts agree that these numbers probably wouldn’t differ much from the US results.
This practical session will offer a look at leading-edge practices in CEO succession planning that the best boards are now adopting, including:
Case studies on what other boards have done in succession planning - and what served them well in effectively addressing this critical issue. See if any of this sounds familiar!
What the Bank of America board SHOULD have done – and what your board can do – to create an actionable and effective emergency succession plan as well as a retirement plan.
Why investors now consider succession risks – and how a board can gauge its succession risks against those of priority to investors.
Dramatic shifts in board preferences for internal vs. external CEO successors.
Why boards are insisting on bench strength reports.
Speaker: Beverly Behan
This session will be led by Beverly Behan, the founder of Board Advisor. A regular columnist (“The Boardroom”) for BusinessWeek.com and co-author of “Building Better Boards: A Blueprint for Effective Governance”, Behan, who lives and works in New York has worked with more than 85 boards over the past 12 years (largely public companies) and for the past two years has specialized on working with boards on CEO succession planning. Her BusinessWeek columns – including the latest one which focuses on the succession slip-ups at B of A, can be found at: http://app.businessweek.com/ParametricSearch/Columnists?selectedAuthor=Beverly+Behan
Behan is a regular lecturer and speaker for the National Association of Corporate Directors, the Canadian Institute of Corporate Directors’ director training program (McGill University), a founding faculty member of the Conference Board of Canada’s director training program and has authored numerous articles on board effectiveness and CEO succession planning in various publications, including “The CEO’s Perspective on CEO Succession Planning” (research with 20 CEOs on CEO succession planning) published earlier this year by Chief Executive magazine. Website: www.boardadvisor.net.
For additional information please contact: Lynn Beauregard or Pamela Smith
1-800-774-2850 ∙ 416-921-5449
The Canadian Society of Corporate Secretaries (CSCS) is the voice of Corporate Secretaries and governance professionals in Canada. Its members deal with disclosure and matters affecting corporate governance, including the structure and meetings of the board of directors and its committees, the proxy process and annual meetings. As such CSCS strives to provide valuable and timely information on recent changes and developments which affect our members – in all sectors.
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