Last October, the U.S. Securities and Exchange Commission issued Bulletin 14E, which strongly recommends boards of directors provide comprehensive succession plans to shareholders. While compliance regulations are yet to be hammered out, the bulletin provided three core criteria that directors should examine when weighing how to meet this new responsibility.

The corporate director and succession planning – Nine points to consider when preparing for SEC
Bulletin 14E, looks at the art and science of succession as it applies to the requirements suggested by Bulletin 14E. Following this outline will give corporate directors a head start on an effective response to Bulletin 14E, and help their ability to mitigate succession-related risks.