Getting Succession Planning Right
Just like your business continuity plan it’s too late to consider succession planning when succession is a problem. No one is irreplaceable but succession has a nasty habit of creeping up on you when you least expect it. People leave directorships for many reasons; both voluntarily or otherwise.
Strategic board succession planning affords an organisation the minimum of disruption and maximizes the chance of future success. It makes succession an integral part of talent development for executive director roles and ensures the ongoing needs of the business are assessed against current and future needs.