Articles
Get Involved, Governance Effectiveness, Leadership, Succession Planning
Succession planning: An investment in leadership continuity and success
Ensuring that an organization has consistent and effective leadership at the top is a principal board responsibility. It includes a continual planning process for meaningful leadership succession that will ensure a seamless and successful transition from one executive leader to another.
Delivery System Transformation, Governance Effectiveness, Operational Excellence, Strategic Planning, Issues & Trends, Workforce
Taking Responsibility for Transitions at the Top
Succession planning is a high-stakes governance responsibility. The significant costs of protracted CEO searches and failed replacements are well-documented. Yet, data from the for-profit and nonprofit sectors continue to show that many boards aren’t focusing enough attention on succession planning or on getting it right.