Tom McNeill
In this episode of Inside Today’s Boardrooms, Lisa Edwards talks to Tom McNeill, a partner at Meridian Compensation Partners, about CEO transition planning. They discuss why this is a critical role for the board, what are some of the planning and preparation steps involved, and how to handle the internal and external stakeholders during the transition.
- Why is CEO transition planning such an important role for the board?
- What are some planning considerations and prep that go into the transition for both the incoming and outgoing CEOs?
- What are the pros and cons of hiring an internal vs. external candidate for the CEO role?