Many successful leaders tend to be nonconformists. They often demonstrate individualism at an early age and aren’t afraid to break a few rules. It’s part of what makes them so successful. But their risk-taking behavior, especially in their personal lives, can present unique challenges for the boards that manage their companies.
What would happen to a company’s business plan or board of directors if, say, the Chairman of the Board decided to take a rocket ship into space? Or, a board member faced a health concern that changed everything?
Read the entire article here: https://pciawealth.com/blog/the-bezos-effect-3-big-things-corporate-boards-need-to-do-about-succession-planning/
If your business or charitable organization would like to discuss succession planning, call Lisa D. Jones at 417.447.3500.