Corporate America's hit-or-miss approach to succession planning
Consider this: Approximately one-quarter of current general counsel in the Fortune 500 are now over 60, and recent SEC actions suggest that organizational succession planning for general counsel may soon become a question of legal compliance.
August 04, 2013 at 08:00 PM
5 minute read
Consider this: Approximately one-quarter of current general counsel in the Fortune 500 are now over 60, and recent SEC actions suggest that organizational succession planning for general counsel may soon become a question of legal compliance.
It's no surprise then, that, as Julie Preng, managing director for the Legal Center of Expertise at Korn/Ferry International, wrote on page 34 of this issue, “transition due to succession is likely to be a hallmark of the next five years in corporate America.”
The question is, how prepared is corporate America for this trend—especially in the legal department?
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 2BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 3The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 4The Growing Tension—And Opportunity—in Big Law Nonequity Tiers
- 5The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250