Stepping Up, Staying Engaged

It's Up to the Board

Boards must approach succession plans in a meaningful, time-efficient manner.

Risk Management

Succession planning is part of risk management and strategic planning.

Time Commitment

Developing an emergency succession plan usually takes 15-20 hours of time spread over a few months.

Values and Direction

Developing strategic leadership and departure-defined succession plans is more challenging, and is based on organizational values and direction.

Generational Differences

Preparing for the generational differences and different leadership styles brought by younger leaders is an important reason to consider succession planning.

Opportunities

A leader’s departure is an opportunity to examine and redefine the way the organization does its work.