This sounds like a really good idea. “Experience matters? The Impact of Prior CEO Experience on Firm Performance” discusses research by Monika Hamori of the IE Business School in Spain and Burack Koyuncu of the NEOMA Business School in France which indicates that “past performance is not an indicator of future success”. That sounds like the waiver in most financial documents, and good advice.
Their suggestion on how to ensure that a new CEO hits the ground running is smart. They suggest putting CEOs with prior experience in an interim position for at least a year before they take on the full CEO role. This, they say, would enable them to acquire company-specific knowledge and also to “unlearn” some of the assumptions about the job.
Forbes: For CEOs Past Performance Is No Guarantee Of Future Success by Roger Trapp
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