A well-orchestrated plan of succession and leadership continuity reassures employees, investors and communities
<To view the Article in its published format, click here: Seven Secrets of Succession Success>
One of a bank board’s most vital responsibilities is overseeing the plan of succession for the CEO. Whether driven by a looming retirement or change in the incumbent’s personal timeline, a well-orchestrated plan of succession and leadership continuity reassures employees, investors and communities. Unfortunately,
too many bank boards still take a passive approach to CEO succession, rather than acknowledging that as directors, they are responsible for the selection and ongoing evaluation of CEO performance.
<To read the Article in its published format, click here: Seven Secrets of Succession Success>
This article appeared in the February 2018 issue of BankDirector.com, copyright 2018.
Alan J. Kaplan is Founder & CEO of Kaplan Partners, a retained executive search and talent advisory firm based in Philadelphia. Kaplan Partners is the country’s only retained executive search firm member of the ABA & ICBA. You can reach him at alan@KaplanPartners.com or 610-642-5644.