How important is it for board members and managers to secure replacement talent for top positions?
Again, assuming that we know that we are in a service and knowledge industry, it is all about talent and you can’t do anything without talent. Board members have to understand that they may have the greatest policy ideas in the world and they may have the greatest policy agenda in the world, but their ideas are impotent without talent to execute those ideas. Board members are typically focused on the here and now or the near future, but they can’t accomplish anything without talent. While talent may stay with us given the very dismal economy right now, what is going to happen as soon as the economy improves? All of a sudden, our key talent will be in a much better position to leave us. So we better create what I call organizational stickiness now so talent will stay with us once the economy begins to improve. Particularly for board members, I think the key question is how important is it for our policy agenda to have talent to implement it? In the report I did for ICMA in terms of crea
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