The plenary speaker was Anne Burns Johnson, Executive Director of The Institute of Seniors Living, a Californian think tank for aged care CEOs. Amongst her many observations were:
Not For Profits in the village and care business are under extreme pressure to merge or close shop for one major reason. “50% of all CEOs are retiring in the next 5 years and there are no clear succession plans and no talent coming through”.
The boards consequently do not have confidence to go on. Solution: find a merger partner, sell up or close down.
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