We'll guide you beyond simply filling a leadership vacancy to architecting a board chair succession strategy that elevates your governance capability, reinforces strategic alignment, and positions your board to navigate complexity with confidence.

Leading every high-performing board is a skillful chair guiding organizational governance. Protecting the continuity of this critical role demands foresight and deliberate cultivation of potential successors. Yet too often, boards approach board chair succession planning as a last-minute scramble rather than an ongoing strategic imperative.

We see chair succession through a different lens—not as a future problem to solve, but as a present opportunity to strengthen your organization’s governance. Our board chair succession advisors help you build a pipeline of potential board chairs, creating intentional pathways that prepare them for this complex role long before a transition becomes necessary.

PLAN YOUR BOARD CHAIR SUCCESSION STRATEGY

 


 

Client success stories

Global financial services provider

A leading global financial services provider headquartered in Germany was seeking a new board chair after the initial search firm was not retained. This created an urgent and challenging situation requiring immediate attention.


How we worked together


Given the broken search circumstances, we stepped in quickly with utmost confidentiality. In an extensive yet efficient process, we considered financial services chairs who met regulatory fit and proper standards, as well as other experienced candidates with strong regional credibility. We navigated the requirement for a native speaker while guiding the supervisory board through a candidate selection process aligned with strategic objectives and stakeholder expectations.


Results and impact


We successfully placed a candidate with a strong CEO track record in financial services, extensive board experience, and expertise spanning banking and technology. The appointment delivered experienced leadership during a critical transition, ensuring governance continuity while meeting all regulatory and stakeholder requirements in a complex, time-sensitive situation.

Investment trust company

A £1bn market cap listed investment trust providing diversified private equity investments was planning for chair succession. The incumbent chair had served seven and a half years, including guiding the company through its listing. The board now sought a successor to join as a non-executive director in early 2023 for an orderly transition.


How we worked together


We defined the ideal candidate profile, which included deep private equity knowledge, an understanding of listed corporate governance and investment trust operations, and significant board experience with chair capability. Through robust research and network sourcing, we targeted chairs of listed investment trusts with additional private equity or alternative asset experience. Given the limited pool of qualified candidates, we also considered senior independent directors and committee chairs, prioritizing private equity experience as critical for investment manager credibility.


Results and impact


From an initial longlist of prospects, we presented a shortlist of candidates . Final candidates met with the investment manager, enabling thorough evaluation. We successfully identified a successor with the specialized expertise needed to guide the investment trust, ensuring continuity of governance standards during the transition period.

 

Our board chair succession strategy: Ensuring seamless leadership transitions

Our board chair succession advisors work alongside you to transform board chair succession planning into an ongoing governance practice that ensures continuity. By planning years ahead, you gain the freedom to shape your board's future leadership to meet the evolving needs of your organization and its stakeholders. Grounded in data and trends, from our comprehensive governance research, we connect you with board chairs capable of providing visionary leadership in today's demanding governance landscape.

Step 1: Kick-off and briefing
We conduct comprehensive briefings with the board, executive team, and other relevant stakeholders to understand your strategic context, finalize the chair role specification, and tailor the search timeline to meet your specific needs.

Step 2: Research, sourcing and longlist review
We build a list of prospective candidates through rigorous research and market intelligence-led approach, identify and contact target candidates, then review the list with the Nomination Committee focusing on available and interested candidates.

Step 3: Assessment and client interviews
We conduct detailed assessment interviews and comprehensive candidate reports evaluating fit including competencies, experience, motivation and capacity, followed by candidate interviews with the Nomination Committee while maintaining momentum throughout the process.

Step 4: Final selection and offer
We provide detailed reference reports and potential background assessments, work with you to agree on the successful candidate, conduct final due diligence, support with offer letters and regulatory notifications, and coordinate the announcement of appointment.

Step 5: Client feedback and transition support
We facilitate comprehensive client feedback and search review sessions, with optional transition support through onboarding and mentoring programs tailored to the candidate's experience and needs.

By addressing your organization's specific governance needs—whether managing growth transitions, navigating regulatory complexities, or strengthening stakeholder relationships—we connect you with board chairs capable of providing leadership in today's demanding governance landscape.

 

 

 

Related capabilities

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Leadership Assessment

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Development and Transitions

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Board Effectiveness

Your questions about board chair succession, answered.

 

How long does board chair succession planning take?

Effective board chair succession planning should ideally begin years before any anticipated leadership transition. This proactive timeline allows for thorough assessment of potential chairs, targeted development of internal candidates, and seamless knowledge transfer from the current chair. While comprehensive chair succession planning services can be developed faster, implementation timelines will vary based on your organization's governance structure and objectives. We work with you to ensure the best outcomes for your unique board leadership needs.

How do we choose the best board chair successor?

Selecting your next board chair requires a strategic, data-driven approach that aligns with your organization's future direction. We recommend beginning with a comprehensive assessment of your board's leadership needs, governance objectives, and evolving strategic challenges. This creates a foundation for defining the ideal chair profile with specific competencies, experiences, and leadership attributes required. Our process then evaluates candidates against this profile to identify capability alignment. We also benchmark candidates against leading governance practices to ensure you're selecting from the strongest possible leadership pool. The most effective chair succession processes consider not just governance expertise but also strategic thinking abilities, relationship-building skills, and facilitation capabilities that will enhance your board's effectiveness.

How can we make a confident decision about our next board chair?

Confidence in your board chair succession decisions comes from a thorough, objective evaluation process that minimizes bias and maximizes insight into candidates' true leadership capabilities. Our approach goes beyond traditional interviews to include governance leadership assessments, facilitation simulations, and structured reference discussions. This comprehensive view allows you to evaluate candidates' specialized expertise alongside their strategic thinking, ability to build consensus, and skill in managing board dynamics. Additionally, creating structured transition processes gives you real-world data on their effectiveness in the leadership role. By combining rigorous assessment with strategic clarity about your future governance needs, you can make your chair succession decisions with confidence.

What are the benefits of using external advisors for board chair succession planning?

While internal governance committees provide valuable support, our dedicated chair succession services offer significant advantages: objective assessment of potential chairs, benchmarked data on chair competencies across industries, and structured evaluation methodologies for board leadership capabilities. Our collaborative approach ensures all stakeholders are engaged in the process for optimal results.

What advantages do external board chair succession consultants bring?

  • You'll receive guidance and support for long, mid, and shorter-term chair succession needs to mitigate the risk of your organization being harmed by unplanned leadership transitions.

  • Our expertise in governance leadership assessment and benchmarking will map your chair candidates against your future-focused strategy and goals, rather than your current state, through an objective third-party evaluation.

  • Our deep understanding of effective board leadership will help identify and develop potential chairs with the specialized expertise aligned to your strategic priorities. The impartial external perspective ensures candidates are evaluated purely on their governance capabilities and strategic fit.

  • Your board will benefit from enhanced leadership capabilities through our comprehensive chair development process, supported by unbiased insights that internal stakeholders may not be positioned to provide objectively.

  • Your new board chair will receive the necessary transition support and ongoing development as they step into this critical leadership role, backed by independent assessment findings that ensure the most qualified candidate is selected regardless of internal politics or preferences.

 

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