Richard W. Malone, COO of Compensation Advisors, contributed an article to Bank Director about starting early on CEO succession planning. In the article, he references the results of the Bank Director 2017 Compensation Survey and discusses the importance of maintaining a succession plan for organizational health and stakeholder satisfaction.
Malone lays out three key planning processes:
- Anticipating Emergency Situations
- Developing Leadership
- Ensuring a Seamless Transition
To learn more, read the full article: Does Your Bank Have a CEO Succession Plan?