how is the CEO is choosen
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Traditional CEO Elections
In most corporate structures, shareholders don't directly elect a company's chief executive officer. Instead, they vote to elect the board of directors using a weighted voting system in which shareholders with larger stakes in the company have more weight in the outcome of the vote.
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Selecting the Search Leaders
Choosing a CEO is the responsibility of the full board, but picking the directors who will lead the process is critical. ... The current CEO also has a role to play in building a cadre of executives the board might choose from and helping the directors learn more about them and the company.
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