Map out a direction for the new CEO.
A board should have a clear sense before a search begins of where the organization is headed and what the priorities are for the new executive, says Lisa Walsh, a partner at the Bridgespan Group, which helps other nonprofits with executive transitions.
Collaborate with the new chief to set an agenda.
How will the new executive stay in touch with the board? What is the CEO going to accomplish in the first 60 days, 90 days, or year?
Clarify roles.
How does the board want to be involved in decisions? How will the CEO be evaluated? What is the role of the departing leader? Any confusion on this last point, Ms. Walsh says, can create divided loyalties and halt the new CEO’s momentum.
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