Succession Planning for Your Condo Board... Really?
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Succession Planning for Your Condo Board… Really? Dave Williams
I
t never ceases to amaze that, for the most part, not-for-profits either do not have a succession plan or process for board succession, or if they do it is flawed. Granted, to many directors, it appears to be a somewhat daunting task that takes patience, time, and some people skills. Additionally, it involves the scary process of trying to replace oneself. Currently, I am aware of two non-profit organizations that are struggling to find new directors, one in the condo industry and one in the sports industry. The strange part of both situations is this. There are talented people available to both organizations ... why are they not being asked or why are they not stepping forward? To be sure there are Condo Corporations that consist of only a few units. One I am aware of in Barrie, Ontario has only eight units so in that case residents sort of rotate through the board when their turn comes. Indeed, the buildings and developments with resident numbers in the hundreds need to consider the idea of succession planning. It is true that the role of corporate directors and CEO’s is in fact changing which we will continued…
Condo News – SPRI NG 2022
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