A recent post, On
the Termination of the University of Virginia's President--More
Aggressive Boards, Politicians, and Faculty May Reshape Governance of
Public Universities, and the sudden termination of Penn State's President Graham Spanier, remind us that the dynamics of presidential succession at public universities is both critically important and may be changing. As great U.S. public universities begin to consider issues of sucession, it may be useful to consider the insights that may be useful from succession planning in the great U.S. public companies. "Given the importance of the CEO role within a corporation and the potential disruption that can result from an unexpected loss or change in top leadership, succession planning is considered one of a board’s most important oversight responsibilities." Melissa Aguilar, CEO Succession Planning: Current Developments, Shareholder Activism, and Disclosure Practices, Director Notes: The Conference Board, No. DN-V4N12 (June 2012).
The Conference Board "is a global, independent business membership and research association
working in the public interest. Our mission is unique: To provide the
world's leading organizations with the practical knowledge they need to
improve their performance and better serve society. " Conference Board, About Us. Referencing Melissa Aguilar, CEO Succession Planning: Current Developments, Shareholder Activism, and Disclosure Practices, this post suggests that university Boards of Trustees may be well advised to consider the importance of both creating a succession plan and to involve important university stakeholders participate in a transparent process of development.






