Tuesday, August 26, 2008
There is a nicely informative post over on the Nonprofit Law Blog regarding succession planning for nonprofits. It is during changes in nonprofit leadership that tax and other legal issues (e.g., reasonable compensation, conflicts of interest, etc) often arise. The post by Emily Chan begins as follows:
The executive director transition is a pivotal moment for an organization, providing either a moment for positive transformative change or a moment that exposes poor planning for such a transition. Considering that an executive director can impact a wide array of factors from donor relations to the day-to-day operations, organizations will certainly prefer the former situation. In their article, “Succession Planning for Nonprofits of All Sizes,” Jan Masaoka and Tim Wolfred discuss strategies for implementing succession planning, “thinking in advance about how to set the stage for a strong [executive director] transition.”
It includes a discussion of emergency succession planning and links to a couple of useful articles and a monogram on nonprofit succession planning.