Posts Tagged ‘succession planning’
The Retired CEO won’t get out of the way… What should the board do?
A very high-profile credit union faces a leadership and strategic crisis that may derail the organization for decades. Here is the situation I have observed from afar. The retired CEO disagreed with the new CEO’s direction for the credit union and won’t get out of the way. He has publicly disrupted the organization’s annual meeting,…
Read MoreDrifting Into the Sunset = Credit Union Risk
Many of us have seen this from afar, some of us from close at hand. The CEO or a key executive is getting close to retirement and has set a course for the organization to drift off into the sunset. The most important job of a key executive or a CEO is to inspire continuous…
Read MoreSuccession Planning 2.0
It was noted recently that the cause of most of the 117 mergers the credit union movement has experienced in 2021, most were the result of a missing Succession Plan. Yes, Succession Planning can be daunting and laden with risk. This risk may be illuminated because of the “great resignation.” Companies worried about or experiencing…
Read More3 Steps to Finding the Right CEO
At the top of the hierarchy, there are all kinds of leaders from all sorts of backgrounds. But typically in a world of shareholder returns, ROE, ROA, capital ratios, and expense ratios, the corner office is often a numbers expert, usually from the CFO ranks. Is this leadership succession the best thing for an organization?…
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