Succession Planning: Identifying and Developing Your Next Management Team and Board
Michèle D. McCarthy
Founder
McCarthy Law Professional Corporation
W. John Jussup
Former General Counsel & Corporate Secretary
Bank of Canada
- Lessons Learned: Obtaining invaluable stop-gap measures to temporarily fill these positions pending government approval
- Practical solutions for overcoming challenges with recruitment and Ministerial buy-in
- The impact vacant board positions have on the operation of the Crown corporation – what proactive steps can management take to overcome these challenges
- Checklist of factor in choosing the most suitable recruiting firm to assist with this task, and ensure you are informed of the benefits of different approaches to board recruitment
- Develop unique strategies to maintain diversity on boards, in particular, increasing recruitment of women
- Detailed review of the effect of political interference in selecting board members, how to return the focus of board appointments to a skills matrix and filling competency gaps
Planning in Extreme Circumstances:
- Important considerations regarding creating a fair and transparent process of evaluating the CEO or Chair
- What to include when drafting a suitable action plan to replace CEO in the event of extreme circumstances with minimal risk to performance of the Crown corporation
- Detailed strategies to plan for successive candidates and learn essential considerations when engaging a recruitment firm on retainer for immediate replacement candidates