Who wouldn’t jump at the opportunity to guarantee a great legacy? Most of us want to be remembered for the impact we’ve had on something that matters. Ironically, nonprofit boards often cringe at what can – and should – be among their defining legacies: executive succession.
According to a recent study by Leadership New England of 1,200 nonprofit leaders in six states, 64% expect to leave their positions within five years. Unfortunately, replacing a nonprofit executive can be so intimidating to volunteer boards that they avoid planning or aim to defer leaders’ resignations. Continue reading