Legal Elements of Executive Succession Planning
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Legal Elements of Executive Succession Planning

two professionals, one coming, one going May 5, 2017 By: Eileen Morgan Johnson, CAE

A CEO's departure, whether planned or unexpected, inevitably disrupts the routine workings of staff and volunteer leaders. But the path to new executive leadership will be smoother if a solid succession plan is in place, addressing key legal issues from employment law and contracts to the board's role.

With more and more baby boomers retiring, more changes are coming to association C-suites. Wise association executives already have a succession plan in place, but it is never too late to develop one if your association lacks a plan. Like insurance, a good succession plan is there when you need it. From a legal perspective, succession planning involves several elements: employment law, contracts, and governance....