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oapen-20.500.12657-630222024-03-28T08:18:51Z Chairperson Succession Germann, Cornel Board of Directors Moderators Competences Voluntary Disclosure Chairperson Succession Planning Board Capital thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry This open access book empirically analyses the competences (input), moderators (process), and disclosure (output) of board chair succession practices for publicly listed organisations in Switzerland. As primus inter pares (Latin for first among equals), the chair of the board of directors holds a unique organisational position. For fulfilling the non-transferable duties pursuant to Article 716a revCO, it is essential that the chair is a person who has rational economic and socio-emotional skills. To date, however, it is unclear how organisations structure the search for a chairperson. On the one hand, this ambiguity arises from a legal perspective, as succession-related formal regulations (hard law) or best-governance principles (soft law) are rare and often lack specificity, and, on the other hand, from a business perspective, as there is a lack of sufficient attention and diligence. Previous research on board governance has primarily focused on the dyadic relationship between board composition and organisational performance (board effectiveness research). However, as board succession is a dynamic process, the research focus should go beyond a pure output/performance paradigm. 2023-05-16T15:07:21Z 2023-05-16T15:07:21Z 2023 book ONIX_20230516_9783658408176_44 9783658408176 9783658408169 https://library.oapen.org/handle/20.500.12657/63022 eng application/pdf n/a 978-3-658-40817-6.pdf https://link.springer.com/978-3-658-40817-6 Springer Nature Springer Fachmedien Wiesbaden 10.1007/978-3-658-40817-6 10.1007/978-3-658-40817-6 6c6992af-b843-4f46-859c-f6e9998e40d5 9783658408176 9783658408169 Springer Fachmedien Wiesbaden 261 Wiesbaden open access
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This open access book empirically analyses the competences (input), moderators (process), and disclosure (output) of board chair succession practices for publicly listed organisations in Switzerland. As primus inter pares (Latin for first among equals), the chair of the board of directors holds a unique organisational position. For fulfilling the non-transferable duties pursuant to Article 716a revCO, it is essential that the chair is a person who has rational economic and socio-emotional skills. To date, however, it is unclear how organisations structure the search for a chairperson. On the one hand, this ambiguity arises from a legal perspective, as succession-related formal regulations (hard law) or best-governance principles (soft law) are rare and often lack specificity, and, on the other hand, from a business perspective, as there is a lack of sufficient attention and diligence. Previous research on board governance has primarily focused on the dyadic relationship between board composition and organisational performance (board effectiveness research). However, as board succession is a dynamic process, the research focus should go beyond a pure output/performance paradigm.
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