(from Associations NOW) At many smaller organizations there is no set successor for the key finance role, according to a recent survey from Robert Half Management Resources. About half of organizations with fewer than 250 employees had a CFO succession plan, and only 37 percent of organizations with fewer than 50 employees did. Among the most commonly cited reasons for not having a succession plan in place were that the CFO wasn’t planning to quit anytime soon (64 percent), that there weren’t qualified replacements within the organization (17 percent) and lack of time.
Related content
Filling the Leadership Pipeline
The New Guard: Profiles of 12 New Independent School Leaders
Listen to the latest episode of the Net Assets podcast.
