2013 HR Conference & Annual Meeting Luncheon: Succession Success - What Will Your Legacy Be?
Join us at our HR Conference and 73rd Annual Business Meeting to learn how you can make organizational succession successful. Learn how to build bench strength within the organization, establish and communicate a plan that assures sustainability and retain an owner’s legacy while maintaining financial strength. During our luncheon keynote address, Tim Schad (CEO and former President of NuCraft Furniture) and Bob Bockheim (current President) will talk about what thoughts went into the decision to “walk away” from leading the company business, what went “as planned,” and what would have been done differently.
BUILDING BENCH STRENGTH, Diane Timmer, HR Manager, Herman Miller Inc.
Succession Planning starts from within an organization as it identifies talent, trains and cross-trains, then implements a plan to move qualified individuals into positions of increasing authority. Unless an organization can provide planned and intentional succession from within it will never be able to successfully transition from one management team to another.
COMMUNICATING THE PLAN, Doug Wilterdink, Managing Director, DWH Corporation
In order to implement a succession plan, HR must communicate clearly and succinctly expectations and intended results to all individuals involved. HR must help to establish objectives and operate to transition (rather than towards regular business) using clearly defined metrics to set expectations that are monitored to insure progress. The focus must be on the overall transition rather than each individual transaction, with an emphasis on the fact that OWNERSHIP does not equate to LEADERSHIP. Doug will speak about family succession, management buy-out and third party sale issues, emphasizing the importance of planning and addressing post transition governance concerns.
RETAINING THE LEGACY, Harvey Koning and Jeffrey A. DeVree, Attorneys at Law, Varnum
Sometimes what we do not say about and during the succession process can be as important as what we openly discuss. Establishing expectations for performance, identifying preferred outcomes and insuring ongoing employee security are vital components of maintaining a business owner’s wealth – and there are both fact and fiction about employee stock ownership plans and their ability to meet these expectations. An HR Professional should know about stock options and transfers, the expectation of accountability with the provision of opportunity, and what CAN (and CANNOT or SHOULD NOT) be said during a succession process.
Networking Break: Visit with your peers and catch-up with your e-mails.
Lunch and Annual Business Meeting. A review of The Association’s past year, our financial health and the practical HR Solutions we have provided to promote operational excellence and sustainability. Plante Moran will report on 2012 Financials, Directors will be elected and current Chair Scott McLean will share his thoughts on The Association.
Luncheon Address: Lessons Learned During the Succession Process. Presented by: Tim Schad (CEO and former President) and Bob Bockheim (current President) of NuCraft Furniture
Tim joined the family business as President then chose to leave the business in the hands of a non-family President. While family still works within the company, and will probably resume a leadership role at some point in time, what thoughts went into the decision to “walk away,” what went “as planned,” what “went awry,” and what would he have done differently then knowing what he knows today. Tim will provide an open and practical discussion about stepping away from the daily operations of a business, the differences between President and CEO, how to maintain the delicate balance that must exist between outgoing owner and incoming President and the critical role that an outside Board of Directors plays in the transition. Bob will speak to what it is like being the manager in charge – and what could have been done differently (or what Tim did that was unique) to make the transition more effective.
This program is sponsored by: Grand Rapids Business Journal
This program has been submitted for HRCI Recertification Credit Hours.
Dianne Timmer, HR Manager, Herman Miller Inc.; Doug Wilterdink, Managing Director, DWH Corporation; Harvey Koning and Jeffrey A. DeVree, Attorneys at Law, Varnum; and Tim Schad (CEO and former President) and Bob Bockheim (current President) of NuCraft Furniture
NOTE: By registering below, you are registering for the HR Conference & Annual Meeting Luncheon. To register for only the Annual Meeting Luncheon, please click here.
Date, Time, Location (TEA office unless otherwise noted)
Member Price: $230.00 Non-Member Price: $290.00
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