Having a balanced board is extremely important to the success of your board of directors. Your board of directors needs to be able to function as a whole in order to make decisions. I want to tell you a story about an organization that had a divided board, so much so...
A Ton of Turnover! Currently, there is a ton of turnover occurring in the executive ranks and it will continue into the future. This is mainly due to the “Silver Tsunami” and the “Great Resignation”. The “Silver Tsunami” refers to the baby...
Does everyone on the board of your organization understand the real purpose of board succession planning? Or do some of your board members think board succession planning is a way “to get rid of them”. I want to tell you a story about a common...
I want to tell you a story about an organization I was on the board of, and how we created a board succession planning policy at the organization. Back in 2008, when this occurred, board succession planning was not talked about at all. However, we noticed that there...
Your organization is doing a great job. Hopefully you have a formal succession plan in place for particular positions and you have created an emerging leaders/high potentials program. Now, how do you keep those high potentials motivated within your organization? What...
The CEO of your company is a very important position and finding the right candidate is not easy. I wanted to tell a story about the “Penny-Pinching Company” and how their low compensation packages caused them to lose two CEO candidates. The Story The “Penny-Pinching...
The Importance of Board Succession Planning Board succession planning is incredibly important for any organization with a board of directors. It is vital to create a formal plan to know when turnover is going to occur. This way, you have people ready to step in when a...
Choosing the CEO of an organization is incredibly important. I want to tell a short story of someone who thought that they wanted to be CEO. Watch the video above or keep reading below to hear some problems that I found within the story and what you can do to prevent...
What would you do if a board member consistently misses meetings or isn’t engaging with the board? The missing board member is an issue at many organizations. This has a negative impact on the efficiency of the board. Watch the video above or keep reading below...
You may have heard about the great resignation, or what is also being called the big quit. This is the phenomenon of people leaving their jobs, which causes turnover that is completely unexpected within your organization. Watch the video above, or continue reading...