THE SE­CRET TO HIR­ING WELL

The Australian - The Deal - - Take The CEO Challenge -

A good com­pany chair al­ways has a short­list of po­ten­tial can­di­dates in mind, in­clud­ing a safe pair of hands to be slot­ted into the top job quickly in the

event of a sud­den change. Have on­go­ing con­ver­sa­tionsc with the ex­ist­ing CEO over po­ten­tialpot suc­ces­sors and pre­pare

up-and-comin­gup-and-co tal­ent for lead­er­ship. Stag­ger the de­par de­par­ture of the CEO and the chair – it is a recipe for dis dis­as­ter if both go at the same time. Make sure the board, not the CEO, chooses

the suc­ces­sor.

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