- RC forms an important part of the verbal ability section. This section mainly focuses on to check the ability to understand the language and the underlying concept of the passage. The main focus should be to have a good command over the language as well as time management.
- Make sure you attempt these passage on a regular basis and with complete seriousness.
- Read the passage below and then answer the questions that follow.
- Once you are finished, click the ‘Get Results’ button below. Any items you have not completed will be marked incorrect.
Many present-day boards now recognise the need for careful succession planning. The Chief Executive Officer’s succession plans are commonly part of his annual performance review, and most boards now devote several meetings a year to the subject. One crucial decision that boards face is whether to select one of their own or an outsider. Unsurprisingly, firms in trouble are much more likely to look for fresh blood. When the business is running smoothly, directors are more than happy to pick an experienced insider, who will continue along the present path. Whereas promising senior executives will often abandon a struggling company, successful firm stand to have a large pool of talented managers to choose from. Occasionally, even a successful company appoints an outsider who can introduce some particular expertise. Many utility companies seek outside Chief Executive Officers to shepherd them through the complexities of deregulation. Many boards do consider outsiders even when the existing Chief Executive Officer is planning a normal retirement.
RC (Level-1) Passage-29
expert in deregulation
stability of operations
their existing executives are complacent
distance lends enchantment
they wish to utilise their expertise
they wish to be better placed then their competitors
Leadership traits of Chief Executive Officers
Compensation package of Chief Executive Officers
Discipline to be inculcated by Chief Executive Officers
Planning the succession of Chief Executive Officers
Neither 1 nor 2
Both 1 and 2