ABSTRACT
The succession and selection of CEOs is a task performed by boards of directors for large, listed companies to achieve its purpose or improve its capability to achieve its purpose. Despite the prevalence and frequency of this task, boards vary widely in capability to be successful. This chapter presents two complementary pathways to understand how responsibly led boards of directors mobilise processes for CEO succession and selection that engage stakeholders internal and external to the company. The psychological and knowledge-based pathways comprise interactive and dynamic processes that boards of directors can mobilise to bring about shared benefits in the conduct of CEO succession and selection. The links between board led responsible leadership and CEO succession and selection are illustrated in a case study that provides evidence that independent led boards can shape a specific combination of governance practices which contribute to successful CEO transitions.
