Leadership transitions are inevitable and natural moments of evolution for any organization. Although they may be disruptive and create a sense of loss, so much so that we avoid thinking ahead about them, they also can be remarkable opportunities to infuse organizations with new energy and ideas. In all cases, organizations can successfully manage leadership transitions by preparing in advance.
At Exponent Philanthropy, we believe all nonprofit organizations—from private foundations to grantmaking public charities to giving circles—can benefit from succession plans. We also believe it’s wise to include founders, board chairs and presidents, board members, and top staff in a leadership succession plan.
It is our hope that this introduction to succession planning encourages you to explore how best to manage leadership transitions at your organization, whether you are developing a succession plan for the first time or fine-tuning an existing one.Login to Read More