Interim Management
/ˌɪntərɪm ˈmænɪdʒmənt/
Definitions
- (n.) Temporary management assigned to operate a company or its department during a transition period or crisis until permanent management is appointed.
The board appointed an interim management team to oversee operations during the CEO search.
Forms
- interim management
Related terms
See also
Commentary
Interim management often arises in corporate and insolvency law contexts as a solution for leadership continuity during organizational changes or distress.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.