Reactive board recruitment is no longer enough in this day and age. Proactively planning your executive team and board allows directors to take their time and to meet people in advance of a need, to cultivate relationships and make better choices for their business.
Here at Invenias we know that making sure that one has the right tools to manage succession planning is vital, and have purposefully created a product that takes the pain out of your planning.
Embedding board succession planning as a regular part of the board's work is part of a sound risk management process that allows directors to proactively anticipate retirements while linking board needs with the company's long-term strategy; factoring in age, tenure, diversity and culture. It also ensures the board is prepared for unexpected departures and gets out in front of potential shareholder criticism.