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Question

Consider the following statements
1. Companies are too complacent and do not address the problem of succession of their Chief Executive Officers.
2. Even successful companies do not have enough talent in their ranks to pick incumbent to the post of Chief Executive Officer.

Which of the statements given above is/are correct?



Your Answer
A
1 only
Correct Answer
B
2 only
Your Answer
C
Neither 1 nor 2
Your Answer
D
Both 1 and 2

Solution

The correct option is B 2 only
Statement 1 is wrong because ‘..Many present-day board now recognize the need for careful succession planning. The Chief Executive Officer’s succession plans are commonly part of his annual performance review, and most boards now devote several meetings a year to the subject..’ Statement 2 is correct ‘..even a successful company appoints an outsider who can introduce some particular expertise..’

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