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 ?
The instrument uses a unique high resolution LCD with individual rings that are accessed in rapid succession. The unit uses a halogen lamp source, and this simple design makes it ideal for industrial applications.
In the skilled nursing facility arena, the publication in rapid succession of multiple mandatory standards addressing hazard communication made OSHA the second most-active regulatory agency in the mid-to late 1990s, surpassed only by HCFA and the state regulatory agencies that carry out its survey and enforcement activities.
The New York Home Textiles Market is up first, with the High Point furniture market kicking off 10 days later, followed in rapid succession by the Gourmet Products and Tabletop shows.
In this latter portion of the book, the texture of the presentation becomes less densely woven: Whereas Gardner might, at one point in the course of his earlier discussion of Royall Tyler, draw in rapid succession on a series of literary works from the 1790s (Ethan Allen's captivity narrative, Peter Markoe's The Algerine Spy in Pennsylvania, Susannah Rowson's play Slaves of Algiers, and Peter Butler's Fortune's Foot-ball) to buttress a point about Tyler's The Algerine Captive, his readings of Poe and Douglass are more hermetically isolated, making fewer gestures outward toward the literary field whose development is a paramount concern of Master Plots.
into a hectic post-workday drinking frenzy that left barmaids exhausted and turned customers out into the streets completely inebriated from drinking several rounds of beer in rapid succession.
The globe, which was refurbished in 1997, revived this tradition by flashing red once every quarter-hour and four times in rapid succession on each hour mark.
Words and images appear on the screen in rapid succession and in no predetermined or logical order.