Why NED Succession Planning Should Start Before a Board Vacancy Exists

Welcome to the NED Capital Podcast. Today we are looking at an important aspect of board governance that is often left until too late: succession planning for non-executive directors. Boards spend considerable time thinking about executive succession. They consider who might eventually replace the CEO, CFO or other senior executives and what skills the organisation will need in the future. But the same discipline needs to be applied to the board itself. A NED may have a fixed term, decide to...