Case Study

Succession planning at Krahn AG: Can it work?

2 pages
October 2008
Reference: IMD-3-2036

The chairman and the CEO of a successfully run company are discussing the possible succession planning of the CEO. The CEO impatiently points out that he will lose respect if succession planning should proceed. The chairman believes in the value of corporate governance and succession planning, yet doesn’t want to offend a successful CEO. What should he do?

Learning Objective

Discuss the relevance of succession planning.

Keywords
Corporate Governance, Board, Chairman, Chief Executive Officer, Succession Planning
Settings
Germany
n/a
Type
Generalized Experience
Copyright
© 2008
Available Languages
English
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