The Changing of the Guard: Planning for Succession at Madison Children’s Foundation (A) Case Solution & Answer

This Case is about SUCCESSION PLANNING

PUBLICATION DATE: August 05, 2009 PRODUCT #: KEL437-PDF-ENG
The Changing of the Guard Planning for Succession at Madison Children's Foundation (A) case solution

In the mid of year 2008, David Miller, the CEO of the Madison Children’s Foundation (MCF), is starting to ponder the future of the company. The board has actually altered composition over the previous 6 years, including more neighborhood locals and “working” board members. The board succession strategy is relatively well arranged, with a nominating committee and a great understanding of ability sets required and the expectations for board members. Board members have actually been raising the concern in a non-confrontational way for the previous 2 or 3 years, and now Miller thinks the time has actually come to develop a CEO succession technique for MCF. The vital concerns raised by this case consist of: What functions do/should CEOs and boards play in carrying out a leadership and starting succession procedure?

Related Case Solutions:

The Blackstone Group: Merlin Entertainment, Spanish Version Tenova: Mining for Growth in Economic Crisis The Changing of the Guard: Planning for Succession at Madison Childrens Foundation (B) Subsidiary Governance: Note On International Best Practice Moral Decision-Making: Reason, Emotion & Luck Social Enterprise Under Adversity: Bridge EXP in Kibera (A) Capital for Enterprise Limited (CfEL): Bridging the SME Early-Stage Finance Gap Better Marketing to Developing Countries: Why and How The Canada Pension Plan Investment Board: Governance Mary Simmons (B)