By Andrew Chastain and Susan Snyder
While all boards take the task of selecting their next CEO seriously, most do not fully support the executive’s transition and early success. Why aren’t boards more proactive and purposeful in CEO transition? It requires forethought and a commitment of time and resources.
In this article, first published by The Governance Institute, WittKieffer CEO Andrew Chastain and Executive Partner Susan Snyder explore the common pitfalls healthcare boards face in planning for CEO transition – unclear roles, difficult emotions, and underestimating the challenges of the first year – and provide tips for addressing them.
This article is reprinted with permission from The Governance Institute, Lincoln, Nebraska.