Having a contingency plan for the unexpected death, illness, termination or resignation of a CEO is an essential part of the risk management of your organisation. Developing a policy which clearly outlines the procedures which need to occur can minimise any negative impact of this event on your staff, organisation, constituents and your reputation.
This practical tool will guide your organisation in developing your own contingency plan, which will help to ensure minimal disruption in the case of an emergency.
The CEO Succession Contingency Plan offers:
- an outline of purpose;
- an overview;
- implementation guidelines; and
- a suggestion of the significant risk areas and how they could be handled.
This Plan is a critical document for every Board.