Succession

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Succession

The rules of or process by which a person goes about filling a role previously held by another person. In estates, succession determines who owns the property of the decedent, with everything going to the next of kin in the absence of a will. In business, succession is the process by which one employee, especially a major executive like the CEO, is replaced by another person. In determining succession, a board of directors ought to exercise caution to ensure that an executive is not only competent, but also does not bring any conflicts of interest to the company.
References in periodicals archive ?
Congress passed the first presidential succession law in 1792.
Property Passing, by will or by operation of state intestate succession law, from an individual to his or her heirs or other beneficiaries.
Attorney-General, Mark Dreyfus QC, today expressed concern that Queensland Premier Campbell Newman appears to lack a basic understanding of constitutional and royal succession law.
After the royal couple's wedding last April, British Prime Minister David Cameron announced moves to change succession laws so that their first child - whether a boy or a girl - would inherit the crown.
was amusing to read a Prince from the German town of Neuwied, on the Rhine, would be King Carl I of England had the new succession laws been around in Queen Anne's time (Mirror, October 31).
London, Oct 9 (ANI): A first-born daughter of Prince William and Kate Middleton would be entitled to inherit one of Britain's wealthiest estates, under a change in the royal succession laws passed by the British Government.
THE Queen is backing plans to change ancient succession laws which will mean if a monarch's firstborn child is a girl she can inherit the throne.