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Monthly Archives: February 2014

The importance of having in place an effective CEO succession strategy

CEO succession is a critical decision for a company. A smooth changeover and succession strategy is essential to maintaining the confidence of shareholders, investors, business partners, customers and employees. Additionally, an effective strategy provides the incoming CEO with a clear starting point from which to drive the company forward. A thoroughly planned and executed succession plan is the key to a successful transition in leadership.

The key factors in selecting and retaining external auditors

There are a range of factors taken under consideration when selecting and retaining external auditors. In particular, one key consideration is the independence of the auditing process as history and research has indicated that the success of the external auditor is predominantly based on the probability that an auditor will both find and report a breach in the financial and accounting systems on an organisation.