Once you’ve identified your team of directors, a formal onboarding process will ensure that they provide value to the organization from the outset. Without a formal onboarding process, it can take years for new directors to add significant value to your board – representing a significant waste of both time and dollars.
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The concept of shared leadership has become an innovative and sometimes controversial solution to succession planning. This is where a few leaders are selected to fill a traditionally singular role in an organization.
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Whether facing tight market conditions or unbridled growth, perennially successful senior leadership teams fix their eyes on a few critical things.
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It was business as normal until the end of Rocks Construction’s fall quarterly board meeting, when the CEO announced that he was retiring in 18 months. This came as a surprise because the last time the CEO’s retirement was discussed, the actual event wasn’t planned for another 3-5 years.
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Many people are attracted to a career in the A/E/C industry because they love the tangible quality of building something; they love action. As the labor market continues to heat up, many organizations are searching for development tools that will rapidly move leaders to the next level, create training opportunities for eager high potentials, and gain a competitive hiring and retention tool.
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This is the last article of our four-part series examining the topic of CEO succession in the engineering and construction (E&C) industry and how to overcome the obstacles associated with new executive transitions. In the last article, we discussed how to facilitate the exiting CEO’s transition. Here, we explore how to determine if and when a successor will be ready to take over the helm of the […]
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This is the third article in our 4-part series examining the topic of CEO succession in the engineering and construction (E&C) industry and how to overcome the obstacles associated with new executive transitions
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In this article, we revisit a familiar theme, leadership development. We recycle this basic topic for two reasons. First, there is more urgency; according to a recent FMI survey, 35% of CEOs and senior leaders in construction companies will retire in the next five years. Second, many of the next-generation leaders will be younger than normal.
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This is the second article in our 4-part series examining the topic of CEO succession in the engineering and construction (E&C) industry and how to overcome the obstacles associated with new executive transitions (Read part one here). In the last article, we identified early warning signs of CEO derailment and how to make mid-course adjustments before it’s too late. Here, we explore why personal […]
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Is your board of directors succeeding with succession? The board is responsible for keeping the company aligned and moving towards fulfilling its longer-term vision. However, an opportunity that many boards miss involves succession management. Succession planning is perhaps a board’s most important role; the choice of the next CEO is a key determinant of the future state of the organization.
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