Succession planning for general counsel today is no longer a necessary evil of business; it’s evolved into a risk management function as the role of GC has become a more central component of board-level strategy.

Eileen Kamerick, chief financial officer at Press Ganey Associates—who also serves on the boards of Westell and Associated Bancorp—likens succession planning to a prenuptial agreement: when couples plan for the day they don’t expect will ever come and their proactivity can help them navigate turbulent and emotional tides.