Term of the Day: Succession

TERM OF THE DAY - OCTOBER 19, 2011 Add Investopedia to Safe Sender List Find Investopedia on Succession What Does it Mean? 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... 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.... Read more » TODAY'S NEWSLETTER IS SPONSORED BY: Slideshow - 6 Tips For Turning Your Kid Into An Entrepreneur By nurturing creativity and energy and showing kids how to do something with it, you can help cultivate entrepreneurial spirit.  View the Slideshow » Special Feature - Special Feature - Careers If your career was derailed recently or you are looking for a change, you're not alone. Find out how to land your dream job and get your career back on track Click here for more. Related Terms Beneficiary Business Interruption Insurance Corporate Governance Creative Destruction Entity-Purchase Agreement See More » Related Links How To Create A Business Succession Plan Will Insurance Keep Your Business Safe? Find High Yield CDs See More » Find Term of the Day Useful? Check out our other FREE newsletters! • Investing Basics • Forex Weekly • Stock Watch Weekly • Warren Buffett Watch • News To Use • The Chart Advisor Report • Professionals in the Money You are currently subscribed to term-of-the-day as: newsforward@autoforextradingpro.com To unsubscribe or change your email settings, please click here. Copyright © 2010 - All rights reserved. Investopedia ULC.