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Succession Planning


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Board Responsibilities for Succession Planning Does Second Place Count?
  By: Deedee Myers
There is no second 'First Place." Once the baton is dropped in the leadership race . . . your credit union is at risk. The Purpose of your credit union is to Serve Your Members. Strategic Succession Planning is a critical step to serving that Purpose and mitigating unnecessary risk. If for any reason your CEO departs and you have not identified or groomed a "step in" or "drop in" candidate, your members are not being served. You have not adequately mitigated risk. This is not a gray area but very black and white.

The Role of the CEO in Succession Planning
  By: Deedee Myers
You are the CEO of a well-managed credit union and you have just left a board meeting where you submitted your resignation. You start another job in 30 days and plan on relaxing and renewing with your family on the slopes around Tahoe, catching up on the latest novels, sleeping in and just hanging out. The board is surprised at the announcement of your sudden departure and prefers that you stay on and lead the credit union. However, they are comfortable that the transition will be smooth because a strategic initiative, for the past four years, has been to continually and systematically build an internal talent pool.


Place "+" (without the quotes) in front of words that must appear; "-" to exclude articles with certain words; and put double quotes around phrases. For example, fantastic search will find all case studies with either the word "fantastic" or "search" (or both). On the other hand, +fantastic +search will find only case studies with the words "fantastic" and "search". "fantastic search" will find only case studies that with the phrase "fantastic search". Note: Searches will not find words, such as 'management', that appear in more than half of the articles or words less than five letters long.

 


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