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OK at Work

OK at Work: Succession Planning

September 28, 2021

By Russell B. Berger and Sarah M. Sawyer

This week on OK at Work, Russell Berger and Sarah Sawyer discuss the need for employers to do succession planning for key roles and to develop incentives to retain key employees. In doing so, employers have a range of options that they can implement to serve these goals and, like many aspects of employment, employers should take a strategic approach so that they can minimize the risks of key employees departing and avoid the harms of not having a replacement. Tune in to hear more about the need for strategic planning when it comes to key employees and the strategies for doing so.

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Firm Highlights

  • Podcasts
    Artful Donations: Exploring Museum Exchange
    In this episode of The Legal Canvas, host Caryn Keppler welcomes Robert Wainstein and Michael Darling, co-founders of Museum Exchange, the first digital platform dedicated to facilitating art donations to museums and nonprofit institutions across North America. Together, they explore how technology is transforming the way collectors, artists, estates, and cultural organizations connect through charitable giving. Robert and Michael explain the inspiration behind Museum Exchange, the challenges they set out to solve, and how the platform has grown into a network of more than 400 museums. They walk listeners through the donation process—from evaluating artwork and matching donors with institutions to handling logistics, documentation, and tax considerations. Along the way, they discuss the realities of museum collecting, why many donations are declined, and how thoughtful placements can help preserve artists' legacies while expanding access to important works of art. The conversation also explores Museum Exchange's work with living artists, artist estates, hospitals, universities, and smaller regional museums, as well as the launch of the Charis Foundation for the Arts, a nonprofit designed to steward significant collections before placing them with institutions that can best benefit from them. Robert and Michael conclude by sharing their vision for the future of charitable art transactions and how Museum Exchange is helping reshape philanthropy in the arts for generations to come.