It was only in 1997, after Red Cavaney had been the CEO of three associations and led the massive reorganization of the paper industry, that he received his first employment contract. It’s a risk that fewer leaders are willing to take now. High leadership turnover on association boards and industry instability can make the CEO job ripe for the picking, or the ousting. For many leaders, the employment contract provides a job safety net – with compensation, benefits and negotiated perks if a CEO and the board can’t reconcile. Turnover at the top has become a fact of life at many industry associations, a dynamic of groups always in flux by virtue of rotating boards,… Read More