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?