No matter how highly you may think of your current CEO, the reality is that your CEO’s departure is a matter of when, not if. At some point, every CEO departs. On average, 10 to 15 percent of corporations each year need to name a new CEO due to retirement, resignation, dismissal, ill health or death. What can organizations do to better ensure they have the right people ready at the right time to assume this role? Read on to see if your organization is engaged in the four core activities that are foundational for successful CEO succession.

Executives tapped internally to fill an interim role face a double-edged sword: While the position may present a tremendous growth opportunity, including the potential to fill the role permanently, it can be fraught with ambiguity and risk factors. As such, companies need to ensure they’re maximizing the success of these leaders. In this new article, we describe how organizations can optimally help their newly promoted interim leaders succeed.