Part III:New Trends in CEO Succession

abstract corporationDennis Carey also points out that the contemporary trend for CEOs to stay in their position fewer years then the duration they were there in the past has added even more relevance to this corporate issue. Over the past several years the average length of a CEOs tenure decreased from about 8 years on average to even less than five years. Therefore, having a succession plan is an urgent issue that touches corporate life across the board.

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