MADISON, Wis. – A recent CUNA white paper CEO & Board Succession Planning addresses the growing importance of succession planning over the next few years. Designed as a checklist of considerations to help boards and management prepare for vacancies at the CEO or senior-management level, the paper covers the responsibilities of the CEO, the board, human resources staff and senior executives in creating a smooth succession plan and lists steps for an emergency succession plan and a managed succession plan. CEO & Board Succession Planning also discusses issues that arise during the time between the CEO's departure and the appointment of a permanent replacement, the development of leaders within the credit union, and resources needed for succession planning.
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