Corporate Governance Webinar Series Focuses on Succession Planning
One issue that is currently facing all Pennsylvania Insurers is Corporate Governance Annual Disclosure. If passed, House Bill 1848 will mandate that all insurance companies submit a disclosure that covers their overarching corporate structure. A crucial aspect of this mandate includes succession planning and talent management. Join us at 2 p.m. on February 22, 2018, for a webinar covering Succession Planning.
Dr. John Park, Director, Baker Tilly
- Why talent development and succession planning are a strategic key to sustainability and growth.
- The need for senior leadership and board buy-in and engagement.
- Best practices in talent development and succession planning.
- Pitfalls that can be avoided.
Small and mid-sized mutual insurance companies are currently facing many internal and external challenges. External challenges include cybersecurity threats, changing customer expectations, and a complex and fluid regulatory environment. Internal challenges include the rising costs of technology, an aging workforce and the lack of available talent at all levels. Boards and senior leaders must recognize the criticality of these issues and allocate the time, energy and resources required to address them in a thoughtful and strategic manner. These issues are not going away!
Several recent studies have found one of the biggest challenges facing CEOs is the lack of qualified talent required to support the growth and sustainability of their companies. As baby boomers continue to retire at an ever-increasing rate and looming regulatory changes focus on issues related to succession planning, companies must focus on talent development and succession planning as a key component of their strategic planning process at the board and senior leadership level. Many companies are lacking any formal strategy for grooming a CEO successor or the identification and development of their high potential talent. Small and mid-sized mutual insurance companies are at risk and face real threats to their sustainability and future growth.
About the Presenter:
Dr. John Park brings a unique perspective to this topic, beginning his career over thirty years ago as a commercial property and casualty underwriter at Penn National Insurance. He also spent over 25 years at Penn State focused on teaching and research in leadership development and strategic planning. John joined Baker Tilly in 2012 and has focused on the identification and development of Baker Tilly’s high potential leaders and as a director in the consulting practice working with clients to facilitate their strategic planning and risk management activities, developing customized leadership development programs and facilitating 360 feedback assessments focused on leadership and emotional intelligence competencies. His undergraduate and master’s degrees are from Shippensburg University and his doctorate in education is from Penn State University.
How to Join:
On the day of the webinar all attendees can launch the presentation by clicking here and completing a small download.
Please register for the webinar if you are interested in attending. A link to the presentation will be emailed to participants prior to the event. We look forward to providing pertinent education on Corporate Governance!