It's Not Personal, it's Fiduciary

Insurance is not interesting or sexy. But it’s a fundamental of good business practice to prevent undue harm to your organization and your people. We insure against incidents that are hopefully not regular occurrences – a lawsuit, catastrophic illness, or workplace injury.

Under the same premise, good business practice dictates that every organization should have a leadership succession plan in place.  Does it mean that change is imminent- that a CEO is going to quit?  That a Board will initiative a change in leadership? NO!  It simply means that in the unlikely instance of a leadership change, the organization is prepared to address the transition to not only prevent harm, but to promote the best possible outcomes for the Board and staff. And to keep the organization’s mission on track.

Succession planning isn’t personal.  It’s fiduciary.  So it’s time to start the conversation.