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Showing posts with the label Succession Planning

Here’s a Story, of a Nonprofit without a Succession Plan

Here’s a story the story of a nonprofit. Who has had the same executive director for the past 20 years She’s a strong leader, almost a wonder-woman And then she announced her retirement at the end of the fiscal year.  It’s the story, of a freaked out board Who didn’t think the ED would retire anytime soon They were a group, who didn’t think about succession planning  And now, they don’t know what to do ------------------------ Don’t let this parody of the Brady Bunch song be your organization. Life happens and institutional leaders come and institutional leaders go. You need to make sure your nonprofit has a plan for when this happens (whether it’s a planned departure and for when it’s not).  Scary Stats Over 50 percent of not-for-profit leaders, specifically Executive Directors or CEOs, are expected to leave their positions within the next five years. Unfortunately, only 15 percent of organizations have a succession and leadership transition plan. To ensure that an organ...