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 ?
Andre Becker, President, Regional Functions North America, BASF Corporation, Florham Park, New Jersey, will succeed Hapke effective March 1, 2016.
Curt Shaw, CEO of Succeed, concurred, "We are looking forward not only to a fruitful partnership, but the opportunity to further transform our clients' opportunities.
What remains unclear is what factors of SES determine if students will succeed or not.
Zoch sagely warns: "Students must learn to create their own success and to succeed despite inimical circumstances, for the simple reason that the circumstances of life will never be optimal.
I wanted to make sure that if we invested we would succeed.
40 cubic meters of cargo space and the Succeed has 2.
He will succeed Guenther Gose, who will retire in mid-2002.
If you have decided that now is the time to start learning and you have figured out that you need an education to succeed in life, community college is waiting for you.
Structure your content for results: what business we're in; who our competitors are; what our customers think about us and their expectations; how we make money; how we measure performance; financial goals we must achieve to succeed.
They can succeed and learn in college if they are equipped with reasonable accommodations.
Liossatos el al, following the death of the rent controlled prime tenant, the decedent's nephew came forward, asserting that he was in occupancy of the apartment and was entitled to succeed to the rent controlled tenancy.