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Unit 22: Executive Succession Planning
Douglas P. Faucette
Succession of the CEO and key executives is a complex issue facing today’s bank boards. It is particularly critical for community banks, which often lack the bench strength of larger organizations. Unfortunately, too many boards aren’t giving this issue the attention it deserves. This video outlines the responsibilities of the board in succession planning and executive talent development. Also included are the components of a good succession plan, and strategies for keeping top talent within the organization. Topics include: The Board’s Role in Succession Planning Five Stages of Executive Transition Succession Planning Challenges A glossary of banking terms is included...
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Doug Faucette is a partner in Locke Lord LLP�s corporate department and heads the firm�s bank regulatory and transactional practice group.�Mr. Faucette has more than 30 years of experience representing publicly and privately held companies in a variety of corporate and securities transactions.