The Story The CEO of WJH Company announced his retirement to his board one year in advance. The board decided to start the search immediately and chose an executive search firm to help them through the process. In the meantime, the CEO informed his executives and...
As the population continues to age, it is not only affecting the workforce but also the board rooms. A recent study proves that board rooms are skewing older now. The study says that approximately 83% of board members are over the age of 40, while the general public...
We are experiencing a ton of turnover in our job market today due to the Baby Boomers retiring and the great resignation surging. Plus, it has become increasingly difficult to recruit individuals for positions, both at the entry-level but also in mid-management and...
“Til Death Do Us Part Inc.” realized that they needed to start doing board succession planning since they would likely be having a ton of turnover in the near future, because their board was getting older. What they didn’t realize was that their board leadership...
You have heard me talk about succession planning many times. And succession planning can mean different things to different people at different organizations. But let me give you three of the most common scenarios when it comes to creating a succession plan. And I’ll...