What’s your succession plan?

I spoke last week at the New York Bankers Association Senior Management Conference on strengthening leadership pipelines.  Succession plans and leadership development are critically important in the banking industry where the loss of a CEO will often lead to the sale of a bank.  The need is no less important in other industries.  Developing a firm’s future leaders is the best way to make sure that there is strong continuity in management and culture.

How would your organization respond to a sudden CEO or executive loss?  Would the board have a plan and a process to follow?

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s