Succession Planning Needs To Be Your No. 1 Priority

July 3, 2017

 

Forbes reports that “a global survey of 2,300 directors...showed that only 14% of directors had a detailed board succession plan.” One-hundred percent of those organizations will need a succession plan. How does your organization stack up? How can it improve? Stuart R. Levine offers helpful insights in Forbes. He points out, “Boards have been spending a lot of time on strategy over the last few years due to the speed of technology, business disruptors, business activists, globalization, management turnover and economic/political instability. However, equally important for the board’s role is to tackle succession planning, both for the board itself and the CEO.”

 

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