From a shareholder's perspective, would you feel good about your investment if you found out that your company has no successor for the audit committee chair? The simple answer is No. How do high-performing boards handle the challenge? In this episode, Cindy Fornelli (now former Executive Director, Center for Audit Quality) and board member Douglas Maine outline the scope of an audit committee chair's responsibilities. They also suggest that companies should think about chair successors during the recruitment and mentoring stage and outline recommendations for audit chair rotations.