The Critical Importance of Succession Planning for Non-Profits
Author:
Michael Shriver
The importance of succession planning cannot be overstated, especially as a significant number of executives approach retirement in the coming years.
Alarming statistics reveal that only 29% of organizations have a succession plan in place. With nearly 75% of executives set to retire within the next five to seven years, non-profit leaders face an urgent call to action.
Research shows that social organizations achieve resilience and lasting impact through strategic succession planning. Successful entities prioritize key elements such as:
- Fostering positive CEO and Board partnerships
- Investing in leadership and management development
- Setting strategic goals to ensure seamless transitions
Given these insights, organizations must assess and strengthen their succession plans. What does your organization’s succession strategy include? What proactive steps can you take to develop a comprehensive succession plan across all levels?
CCMS Partners can support your organization’s succession planning and executive search process. Our experienced team of former CEOs is ready to offer guidance in navigating succession planning challenges. Let us help build a robust and sustainable succession framework for your organization’s future.
Experiencing Succession Planning Challenges?
CCMS Partners can help build a robust and sustainable succession framework for your organization's future
