General counsel succession planning – has your company done any? For in-housers looking to move up, do you have what it takes to fit into that plan?
With increased scrutiny coming from both shareholders and federal regulators, companies can no longer dodge the succession question. You need to have your house in order, and that includes making sure you have the right people leading the legal team. GCs need to help define the criteria for the GC position, identify internal and/or external candidates, select their successor, and groom them to take over.
[via: Successful General Counsel Succession Planning at CorpCounsel]