Smart chief executives — whether they’re running a business or a nonprofit — acknowledge that they will leave their organization at some point. Every job and every career ends in a transition — eventually. It’s just a matter of when, how, and how well managed they end.
One of the most difficult conversations to have is the one about succession planning. While it can be uncomfortable for executive directors and for the board of directors of the organization, succession planning is essential to the long-term sustainability of any organization - especially family-run organizations.