Equity ResidentialEquity Residential Succession Process Succession Process

20092009

• Successors decided in secret

• Successors determined by an open process

• Subjective - based on succession planning committee’s opinions and biases

• Objective - based on assessment of competencies and experiences

Perspectives – Old and Perspectives – Old and NewNew

ToFrom

• Applies only to top 5% • Applies to key positions at any level

KeyTiers = performance +

leadership potential

Potential = demonstrating leadership competencies

Performance = slate of experiences

Equity Succession Process

PERFORMANCE

PERFORMANCE

PERFORMANCE

PERFORMANCEPipeline 1 = First Line Manager

Pipeline 2 = Manager of Managers

Pipeline 3 = Dept. & Regional Leads

Pipeline 4 = Group/Enterprise

10 W

AY

S

POTE

NTIAL

EquityEquity

Vision & StrategyVision & Strategy

With thanks to Ram Charan author of The Leadership Pipeline