January 12, 2006 | Read Time: 1 minute
PLANNING SUCCESSFUL SUCCESSIONS
Many nonprofit groups will face major challenges replacing their top leaders in the coming decades. Mark Aubel is already worried that his group is too small to attract a top-notch CEO who will keep alive the dreams of Mr. Aubel and his wife, who founded the charity.
FOUNDERS OF CHARITIES, who often have a hard time letting go, present a special problem in planning for succession to new leadership.
WITH SO MANY VACANCIES LOOMING, charities and foundations are working to ensure a supply of qualified candidates to meet the demand for new chief executives.
EXPERTS OFFER ADVICE to charities for managing a smooth transition from one executive director to another.
