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How Can Your Nonprofit Board Be Prepared for a CEO Transition? Key Insights to Know Now [Video]

How Can Your Nonprofit Board Be Prepared for a CEO Transition? Key Insights to Know Now #Governance

To create an effective CEO Succession Plan, a board should first understand the role of the nonprofit executive. This involves having an up-to-date job description. Having a job description is only half the battle. It must be reviewed annually to ensure it reflects the current role and the job requirements given the organization’s lifecycle and competitive environment.

In addition, performing an annual performance evaluation, including reviewing the CEO’s performance metrics and compensation package, is a key part of CEO Succession Planning. If your board conducts these processes annually, it will be much better prepared for a CEO transition.

Watch this short video for insights, then catch the full episode for in-depth discussion. ➡️ https://www.peaktoprofit.com/blog/122

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