In this episode, board member and audit committee chair Sara Grootwassink Lewis tackles one of the board’s most challenging tasks: creating an effective CEO succession process. Lewis outlines why CEO succession is such a formidable board task and why many programs aren’t effective. She also outlines the steps necessary to create a successful succession program.

Host TK Kerstetter probes why repeated research continues to show that many directors give themselves a low grade when asked how well they handle their board’s CEO succession program.