Boards Play a Key Role

Boards of directors evolved as a solution to an inherent problem in the corporate structure: the separation of ownership and management. From the beginning, the primary responsibility was management oversight for the benefit of residual equity owners.

How is the board of your company helping to develop a succession culture?

Does your board

  • Devote at least two board meetings a year to a focused discussion on succession and development efforts?
  • Develop with the CEO goals related to succession and management development
  • Is the board regularly exposed to aspiring leaders in business as well as social contexts?