The death, resignation, retirement or termination of CEOs can create a crisis for companies. (Stephen Brashear/Getty Images) Getty ImagesOther boards can be taken by surprise when the death, resignation, retirement or termination of CEOs creates a crisis. Succession, HBO’s popular series about a fictional multinational conglomerate, provides insights and lessons about the importance of preparing and implementing succession plans. CEO Departures Are Ramping Up“A high rate of Americans are quitting their jobs each month, and CEOs are no exception. If there are no succession plans in place when a company announces the departure of the CEO, let people know when those protocols will be implemented.

Source: Forbes June 14, 2022 01:18 UTC