The selection of a successor to a departing CEO is arguably the most important role of the board of directors. Ultimately, the goals of the board with respect to the CEO should be to help establish a solid foundation from which the new CEO can succeed, to stay engaged with the CEO’s progress by monitoring and evaluating the CEO, and to allow the CEO to do his or her job so the board can focus on its mandate of guiding the company through change.
Related Insights
May 18, 2026
Foley Viewpoints
Wealth Tax Watch: Washington’s Millionaires Tax Will Not Go to the Voters, and Updates to New York’s Taxes on Real Estate
In our third installment of recapping states’ efforts to impose new taxes on high-net-worth individuals, we want to provide updates on…
May 18, 2026
Energy Current
When a Deal Goes Wrong: A Practical Guide to Breach of Contract in Oilfield Services
What Every OFS Executive Should Understand Before a Dispute Arrives at the Door Contract disputes in the oilfield services sector are as…
May 18, 2026
Foley Ignite
When the Ground Moves Beneath Your Feet: Notes from a PE-Backed CFO Forum
On Thursday evening at the Wells Fargo Innovation Center in Menlo Park, I had the privilege of moderating a closed-door conversation with four of the great ones, and it was the most useful ninety minutes I've spent on the state of value creation in 2026.