Succession Planning
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Guidance for co‑operatives on good practice in relation to succession planning for key positions in co‑operatives.
This guidance note is produced by Claire Dalton FCG for the Co-operative Governance Expert Reference Panel, a Member Group of Co-operatives UK. It is intended as general guidance only, and co-operatives intending to rely on it should consider taking specific advice before taking any action.
General Disclaimer: this document contains general guidance. It does not constitute legal or tax advice and should not be treated as such.
Contents
- Introduction
- Why is succession planning important?
- Why is succession planning specifically important for co‑operatives?
- Which positions in co‑operatives should we succession plan for?
- Succession planning challenges: Director loss of office
- Succession planning challenges: Succession planning may be a low priority
- Succession planning challenges: The nature of the co‑op itself can make it difficult to succession plan
- What else can co-operatives do to help with succession planning?
- What other factors should be considered when succession planning for board members?
- What else should be considered?
- What could succession planning look like in practice?
- Template Succession Planning Policy