Succession planning: The future is now

Description

Abstract: When a senior leader leaves a nonprofit, it can affect every aspect of the organization. Whether the departure is planned, such as a retirement, or is unexpected due to a resignation, termination or death, every nonprofit should have a plan to reduce disruption and ensure continuity. This article discusses putting together a solid succession plan, including determining the requisite qualifications and identifying appropriate candidates. A sidebar discusses the transition period between old and new leaders.