Let’s talk about succession planning

Let’s talk about succession planning. The latest edition of the corporate governance podcast breaks down this crucial boardroom responsibility.

It’s a crucial boardroom question: does the company know where to find and how to prepare its leaders of the future?

Brian Stafford, our latest Corporate Governance Podcast guest, highlights that failing to prepare in this area brings significant organisational risk. Sometimes, if a wrong or unprepared leader takes over, it could be enough to cause the company two years’ worth of trouble, he says. 

That’s why succession planning is so crucial; it allows the time and space to identify who can take key leadership roles after the incumbent retires. Succession planning allows time for networking, mentoring and developing the skills necessary to take the reins of a business. 

Brian brings essential insights on how to do this, as well as new data showing how underprepared many boards are in this area.

Brian Stafford is Chief Executive Officer of Diligent Corporation. Brian is responsible for all day-to-day operations, with a focus on accelerating global growth and incorporating scale into the business in order to seamlessly manage the growth. 

Brian previously served as a Partner at McKinsey & Company, where he founded and led their Software-as-a-Service Practice. Prior to his tenure at McKinsey, Brian was the Founder, President and CEO of CarOrder, a division of Trilogy Software based in Austin, Texas. Brian is also an active seed-stage investor and startup advisor. His other passion lies in the arts, supporting the NYC community in his role as a BAM board member.

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