How to deal with a CEO illness

Apple is being criticized for its handling of CEO Steve Jobs' illness, and rightfully so. Several weeks ago, Jobs said that he had a "hormone imbalance" that had caused weight loss. At the time, he said that the treatment was "simple and straightforward," suggesting that he was essentially fine to serve as the head of Apple.

But just recently the company was forced to admit that Jobs' health issues are more serious than originally thought--and disclosed. The SEC is taking a look at the issue of disclosure, according to Bloomberg. This is an area where the board must absolutely have written policy. Frankly, this is standard stuff for boards. You cannot afford to muddy the waters about disclosure.

For more:
- here's the Bloomberg article

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