Board Leadership Replacement: Process and Practical Concerns


Summary

Replacing the current leader of the board (for the purposes of this practice note, the “chairman”) involves a host of concerns including initiating the process, determining the scope of the role, finding and vetting appropriate candidates, and managing any transition period. This practice note discusses many of these concerns. For more information on the range of authority and responsibility typically held by different board leaders, see CEOs, Chairs and Lead Directors: Who Leads the Board?