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Don’t let succession become a drama at your nonprofit.
By Elizabeth Voudouris, BVU President and CEO
Succession, the hit HBO series, features the Roy family fighting for control of Waystar RoyCo their global media and entertainment company. Viewers have been enthralled for three seasons by the intrigue, politics, chaos, and endless positioning for power. While this is entertaining from the comfort of your home, you do not want this drama in your nonprofit boardroom.
If the fictional Waystar RoyCo had a succession plan in place, there would be no drama, and no hit HBO series. Make sure that your nonprofit does not suffer the same fate; create and update the succession plans for senior staff and board leadership positions. From short-term to emergency to long-term succession, planning is critical for an organization’s sustainability- and your piece of mind.
BVU’s Nonprofit Stability Index demonstrates that many nonprofits in Northeast Ohio recognize the importance of succession planning.
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“We had somebody who could dedicate their time and energy to an initiative that we just weren’t ready for from an internal standpoint.” — Ron Soeder, Former President, Boys and Girls Clubs of Cleveland
“We get someone of exceptional quality at an amount that we can afford. We can focus on projects that are high priority that we don’t have the professional resources to complete.” —Jean Polster, Former President and CEO of Neighborhood Family Practice
“I wouldn’t have been able to fill the position, hire somebody who had the depth and breadth of knowledge and have the ability to truly be an independent and functioning person. I wouldn’t have been able to afford that level of person.” — Melanie Hogan, executive director of LEAP
Fellows help nonprofits build capacity, grow strategically and ultimately, have a broader impact on the community. Here’s How It Works.
Step 1: Identify the Need
With guidance from BVU, the nonprofit will identify and outline the strategic project and skills required. The nonprofit will complete a project request form.
Step 2: Recruitment
BVU will recruit, screen and interview candidates to learn more about their background, skills and fit for the project.
Step 3: Selection
The nonprofit will interview candidates from BVU and make their selection.
Step 4: Engagement
BVU will bring together the nonprofit and candidate to review project details and finalize the engagement.