Amidst concerns over the health of Steve Jobs, a major investment advisory firm in the US has joined calls for Apple to disclose its succession plans in the event that the Apple boss is unable to return to his role.

The US-based Institutional Shareholder Services has joined a shareholder proposal launched by the Central Labourer’s Pension Fund to demand Apple reveal its succession plan for the ailing CEO.

Apple announced in January that Jobs would take a medical leave of absense with chief operating officer Tim Cook stepping into the role.

Apple Insider reports that the company has already stated that a “comprehensive succession plan” is in place but is reluctant to publish it for fear that it will give competitors the opportunity to try and poach potential future leaders, giving its competitors an “unfair advantage”.

Similar Posts:

Clip to Evernote