A strategic succession planning ensures the board maintains its optimal composition and enables a smooth transition of board members upon retirement or departures of current board members.
TLD Group works with the board, dominant shareholders, and/or a nominating committee to design and deliver a Strategic Succession Planning process which entails the following:
- Identify board competencies for the future: Competencies are those required to succeed in the new VUCA (volatility, uncertainty, change and ambiguity) healthcare environment.
- Establish a future-based competency model: Model serves to drive culture, accountability and leadership development.
- Develop success profiles for the board roles: The profiles include behavioral and role competencies as well as leadership expectations for each role.
- Facilitate a talent management process: The process enables organizations to select and develop the next generation of board members who can lead the organization into the future for both internal and external candidates.
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