Apple is not alone. According to a recent survey, only 35% of companies have one.
At Apple's (AAPL) annual meeting on Feb. 23, shareholders will vote on a proposal that asks the company to produce a written CEO succession plan -- a motion that was endorsed Friday by Institutional Shareholder Services, an influential proxy service firm.
All companies should have such a plan in place, ISS said in remarks that were widely reported in the business press.
What ISS should have added is that very few companies do.
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