Monday, August 5, 2013

Succession: Planning for a Leadership Transition

One of the most important decisions a hospital’s board of directors will ever make is who will lead the organization as its Chief Executive Officer (CEO). Each hospital’s circumstances are different, of course, so the factors that are important to one may not be to another. In this article, we will explore some of the issues we commonly see when assisting boards with planning for a leadership transition. Although we will concentrate on the CEO position, the process we describe can be utilized for any executive or leadership role. We will explore:
  • Board responsibility 
  • Reasons for CEO transitions 
  • Assessment of your current situation 
  • Transition types 
  • Determination of talent needs and wants 
  • Development or hiring 
  • Process considerations 
  • Common mistakes we see 
Read more here