Knowledge Center: Publication
Chief Executive Officer & Board of Directors
Early engagement: Going beyond traditional board succession planningSubscribe to Chief Executive Officer & Board of Directors 6/11/2015 Theodore L. Dysart and Bonnie W. Gwin
Leading boards increasingly take an approach to board succession that goes beyond traditional placement and even planning. At its most advanced, this approach includes establishing relationships with potential candidates even when foreseeable board vacancies lie far in the future.
At a minimum, it involves identifying robust candidates across the various sets of competencies the board might need down the road and then keeping tabs on them, looking for opportunities to get to know these individuals, and learning how they might one day fit into the company’s future.