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 and have other people ready to step in when a spot opens up on the board.
However, a lot of people think that they don’t have to develop a formal board succession plan since they have one “built in”.
In this video, I will explain the important of developing a formal board succession plan and then give you seven easy steps so you can create your own plan!