Managing corporate governance and board succession planning

Managing corporate governance and board succession planning is the capability to develop and implement effective governance frameworks and plan for the succession of board members within a business. It involves understanding how to develop and implement governance policies and practices that promote transparency, accountability, and ethical behavior, and ensure continuity of the board in achieving business objectives.

Beginner competence definition

At a beginner level, individuals can perform basic tasks such as understanding corporate governance and board succession planning concepts and principles, identifying governance and board succession planning needs, and providing basic support for governance and board succession planning activities. They have a basic understanding of regulatory requirements related to corporate governance and are able to work effectively in a team environment.

Intermediate competence definition

At an intermediate level, individuals have a deeper understanding of governance and board succession planning frameworks. They can develop and implement governance policies and practices that align with business objectives and comply with regulatory requirements. They can also plan for the succession of board members, including identifying potential candidates, assessing their qualifications, and developing plans for their transition to the board.

Advanced competence definition

At an advanced level, individuals have an expert-level understanding of governance and board succession planning frameworks. They can develop and implement complex governance and board succession planning programs that involve assessing and mitigating governance risks, planning for the succession of board members, and communicating board succession plans to stakeholders. Their strong leadership and communication skills enable them to lead teams of governance professionals to achieve business objectives related to corporate governance and board succession planning. They are knowledgeable about corporate governance and board succession planning industry trends and can recommend and implement best practices to ensure effective governance of the board and corporate governance policies and practices.