11.8 Board succession Flashcards
1
Q
Why is board succession planning important?
A
It acts as insurance in the event of a sudden board exit, and may reduce the potential for conflict over future positions.
2
Q
The FRC Guidance on Board Effectiveness suggests that succession plans should consider three time horizons:
1 C___________ planning
2 M_____-term planning
3 L___-term planning
A
Contingency
Medium
Long
