Many Not-For-Profit (NFP) Boards and their Compensation Committees talk about various retirement programs and succession plans for their executives, but often lack in executing any meaningful plans to address these areas.  In many instances, these Boards need to play “catch up” to fund a retirement program, which poses a significant financial burden.  A recent news release by the Alliance for Greater Works cited a recent study of 1,200 NFP leaders, in which 70% percent indicated that they plan to leave their positions within the next five (5) years, a clear message that succession planning is an important, and immediate, consideration.  Boards have a responsibility to consider the future needs of their organizations, and take the necessary action steps to provide appropriate succession and retirement planning.