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Your Prized Executive Is Leaving. Now What?, John R. Ledgerwood, Stephen N. Morgan

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The departure of a key member of your organization can quickly throw things into turmoil if the person is tightly tied to the firm in the minds of investors. For these reasons and others, nonprofits and for-profits alike should have an established succession plan for identifying a worthy replacement. This article examines how one global nonprofit is planning proactively for the future.