With the recent publicity surrounding the resignation earlier this month of Yahoo! chief executive Scott Thompson, CEO selection issues have come once again to the fore.
David A. Katz and Laura A. McIntosh of Wachtell, Lipton, Rosen & Katz offer important perspectives and sound advice in a recent column in the New York Law Journal. Directors should keep in mind that the attitude and smooth functioning of the board are crucial to a sound process and good result, and that the fates of the board and its chosen CEO often are inextricably entwined.
Source: The New York Law Journal