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Learn the major factors directors of NFP organizations need to consider for CEO succession.
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Selecting a new chief executive officer (CEO) is one of the most critical responsibilities of boards of directors, especially in small and mid-sized NFPs where the new senior executive will have a significant impact on success.
Planned CEO successions can be unpredictable, especially as many NFPs lack the scope and size to develop internal candidates for the job. Unplanned events can also trigger a change of CEO, requiring boards to act quickly to fill the void. In planned or unplanned situations though, directors of NFPs need to establish a process with clearly articulated board and committee roles to ensure finding the right successor.
Our document, 20 Questions Directors of Not-for-Profit Organizations Should Ask About CEO Succession, provides practical guidance on CEO succession planning.
This publication is reviewed annually for relevance and accuracy.
It’s said that a crisis brings out the best in people and, in most cases, that’s true. But there is a dark side to tough times, as fraudsters prey on people who are uncertain and looking for easy answers.
March 18, 2020
The federal government’s actions and fiscal support to address the widespread and devastating economic fallout of the COVID-19 pandemic are welcomed by Chartered Professional Accountants of Canada (CPA Canada).
Listen to this special edition Practitioner’s Pulse webinar where we answer some frequently asked questions around practice management issues and some key financial reporting and auditing implications of COVID-19.