Succession

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Dictionary Says

Definition of 'Succession'

The action of one party, person or product being replaced by another that has become obsolete, incapacitated, retired or deceased. Ideally, a successor will fill the role of its predecessor, being fully compatible with all other entities in place and perfectly functional without any interruption in service.
Investopedia Says

Investopedia explains 'Succession'

Since the Sarbanes-Oxley Act, planning for succession of a executive officer in a corporation has become a very important issue in the field of corporate governance. Ensuring that, in the event of a problem with one employee, a company will continue to function adequately creates tremendous value for shareholders.

Family succession is the passing of one person's assets and role in the family onto an heir.

With the increasing pace of technological change, when new products replace old ones, it is important those new ones can fill the role of the old products without interruption in service and without the need to replace other functional elements of a network of products.
Search results for

'Succession'

  • How To Create A Business Succession Plan

    http://www.investopedia.com/articles/pf/07/succession_planning.asp
    How To Create A Business Succession Plan. ... This article will take you through the
    steps you'll need to take to create a successful succession. ...

  • Will Insurance Keep Your Business Safe?

    http://www.investopedia.com/articles/pf/08/key-person-insurance.asp
    ... Key person insurance is the most efficient way to fund repurchase agreements
    as well as for overall business succession planning. ...

  • 7 Companies Facing Retiring CEOs - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0911/7-Companies-Facing-Retiring-CEOs.aspx
    ... The current CEO and chairman, Warren Buffett, has shifted his position on succession
    a few times over the years, and currently it is expected that the ...

  • Wall Street History: Poor Richard And Jack Welch - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1210/Wall-Street-History-Poor-Richard-And-Jack-Welch.aspx
    ... alone world history. It also marks an important succession for an iconic
    American company and the birth of an oil tycoon. (Find out ...

  • Can New Leadership Rejuvenate Big Pharma?

    http://stocks.investopedia.com/stock-analysis/2010/Can-New-Leadership-Rejuvenate-Big-Pharma-MRK-PFE-LLY-AZN-SNY-GSK-NVS1208.aspx
    ... CEO on par with Steve Jobs, Larry Ellison or John Chambers, imagine the buzz in
    the tech-world if these major top kicks all left in relatively close succession ...

  • 4 Wealth-Building Secrets - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0709/4-Wealth-Building-Secrets.aspx
    ... business. Preplanned business succession provides the funding to sell the
    business either to another family member or someone else. ...

  • Financial History: The Rise Of Modern Accounting

    http://www.investopedia.com/articles/tax/08/accounting-taxes.asp
    ... Advertisement - Article continues below. The years 1933 and '34 also saw the Securities
    Act and the Securities Exchange Act pass in rapid succession. ...

  • Should You Follow Your Fund Manager?

    http://www.investopedia.com/articles/mutualfund/03/021103.asp
    ... That is because, according to a strategy designed to reduce volatility and succession
    worries, mutual funds are managed by teams of stock pickers, who each run ...

  • Why Successful Business Owners Sell Out

    http://www.investopedia.com/articles/08/sell-side.asp
    ... allow it to capture more customers and increase revenue. Secure leadership
    succession. A business owner may not have invested time ...

  • 6 Ways To Lose Your Estate

    http://www.investopedia.com/articles/retirement/07/estate-plan.asp
    ... die intestate, state law may determine that your assets must be distributed to the
    first living relatives along a specific line of succession, beginning with ...

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