© 2006 The Associated Press
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NEW YORK — Roughly 50 percent of boards consider themselves 'less than effective' in the area of CEO succession, according to a survey released Tuesday.
The 2006 Governance Survey of 1,400 public, private and nonprofit companies by The Center for Board Leadership, done with Mercer Delta Consulting, also found that the majority of directors from public boards feel that companies should have a policy restricting the number of boards a CEO may serve on, but less than half, 42.3 percent report actually having such a policy."
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