- Does your organization have an effective plan for CEO succession?
- Can your executive compensation plan survive scrutiny from a highly skeptical public?
We help our clients prepare for CEO succession that causes minimal disruption to a company’s reputation, operations and share value.
We help our clients and their boards adopt best practices in structuring compensation for their CEOs and other senior executives.
Having a strategic plan for CEO succession creates competitive advantage, yet many companies fail to prepare adequately for a transition in leadership. Crises often result in the change of a CEO, but even the anticipated departure or retirement of a CEO under the best of circumstances can plunge a company into prolonged periods of uncertainty and instability with deeply negative economic consequences.
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- Do your legal and management teams understand each other’s concerns and requirements during a crisis?
- Do bottlenecks between the two groups derail your effective response to a crisis?
We help our clients navigate the competing demands of legal compliance and expedient decision-making during a crisis.
Many crises expose organizations to litigation risk and regulatory
investigation. As the time for effective crisis response ticks down,
senior management teams and legal advisors often clash over what
remedial actions a company should take and how it should communicate
with key stakeholders about the event. Professional communicators often
lament that attorneys lead crisis communication decisions only to
impede the flow of critical, time-sensitive information, while
attorneys often question why management fails to comprehend the
detrimental legal consequences of certain communications and remedial
measures. Both groups frequently question why external stakeholders
behave in apparently irrational ways after a less-than-optimal crisis
response.
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- Is your organization up-to-date on corporate governance standards and procedures?
- Do your senior executives and board members effectively implement your organization’s corporate governance procedures?
We help our clients understand the role of corporate governance in crisis management, issues management, reputation management and crisis communication.
Corporate governance consists of the policies and procedures that direct the responsibilities of boards of directors and senior executives. In the wake of the Sarbanes-Oxley Act, corporations are increasingly focused on the need to comply with particular corporate governance standards. And the celebrated corporate scandals of 2001-2003 demonstrated how weak corporate governance can threaten both the health and survival of companies in crisis.
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