Preparing Executives and Organizations for CEO Transitions Occurring in 1 to 4 Years
Here's how we can guide the organizational and personal preparation that ensures a well-planned chief executive handoff:
- Departure Coaching for the CEO – provide coaching to ensure that the CEO is ready – personally and professionally – for the transition.
- Organizational Sustainability Review or Audit – conduct an in-depth review of the vital factors that most influence organizational sustainability; provides the information that will be key to transition planning and pre-transition capacity building work.
- Succession Policy – craft a board-approved succession policy; guides the succession process and ensures that the board is versed on best practices in CEO succession/transition.
- Emergency Backup Plan – draft a plan to cover short-term and permanent CEO absences; a critical risk management tool, the planning process illuminates bench depth issues and cross-training needs.
- Transition Planning – develop the plan that clarifies the organization’s capacity-building needs and provides guidance to prepare the board and staff for the transition.
- CEO Job Review & Planning – “unpack” the CEO’s job to determine critical accountabilities as well as responsibilities that are better delegated or reassigned; calibrates the job to future leadership needs.
- Compensation Research – provide compensation comparisons; ensures that board has factual information regarding its competitiveness as an employer and time to make adjustments prior to the transition.
Click here for a copy of the full description about Departure-Defined Succession Planning Services (PDF)