TheCorporateCounsel.net

May 4, 2011

Survey Results: CEO Succession Planning

We have posted the results of our survey regarding CEO succession planning, repeated below (compare to similar survey from ’08):

1. Our company:
– Has a written CEO succession plan in a formal document or policy – 6.7%
– Has a written CEO succession plan in the form of a board resolution or as part of the board minutes – 6.7%
– Has a CEO succession plan, but its not memorialized in writing – 60.0%
– Doesn’t have a CEO succession plan – 26.7%

2. Our company:
– Reviews and updates the CEO succession plan at least annually – 46.7%
– Reviews and updates the CEO succession plan on occasion – 20.0%
– Doesn’t reviews the CEO succession plan (but it does have one) – 6.7%
– Doesn’t have a CEO succession plan – 26.7%

Please take a moment to participate on this “Quick Survey on Regulation FD Practices.”

Recent Corp Fin Comments on Disclosures of Loss Contingencies

Recently, Anne Cotter of Leonard Street & Deinard blogged about recent comments issued on loss contingency disclosures in the “Dodd-Frank.com Blog.” Before listing sample comments, Anne notes: “If the SEC notes a significant potential loss, they may ask pointed questions about it. And if you talk about it during your earnings call, but do not mention it in your periodic report, they may still ask about it.”

Happy Anniversary Baby! 9 Years of Blogging and Counting

Today marks nine years of my blither and bother on this blog (note the DealLawyers.com Blog is nearly eight years old – not shabby!). It’s one time of the year that I feel entitled to toot my own horn – as it takes stamina and boldness to blog for so long. A hearty “thanks” to all those that read this blog for putting up with my personality. I’m sure I won’t get more refined with age.

Interestingly enough, I am spending my anniversary speaking at a PLI conference about social media. Check it out if you are curious about all the fuss…

– Broc Romanek