MADISON, Wis. (4/22/11)--CEO succession planning and transition is the topic of a new white paper released by the CUNA HR/TD Council. "CEO Succession Planning and Transition" incorporates survey results from Heidrick and Struggles and Stanford University's Rock Center. The paper provides guidance for developing a comprehensive, multi-dimensional, and proactive succession plan. In today's rapidly changing business environment, a credit union needs to be a high performance organization to compete successfully," writes author Jim Cardwell, CEO of Cardwell Leadership, Westlake, Ohio. Among the insights Cardwell provides:
* A definition of succession planning; * Best practices on the succession management process; * A succession planning process; * The roles for the board, CEO and human resources in the succession planning process; and * The importance of an effective post-selection transition.
Worksheets include "Assessing Your Credit Union's Bench" and "A Development Plan Roadmap." CUNA Council members can obtain complimentary copies of this and more than 200 white papers; non-members can purchase the white papers for $50 per copy.