This session will discuss succession planning – the practice of identifying and grooming internal candidates for vital positions.
Succession planning is an important task that surprisingly fails to grab the attention and energy it deserves. Without such programs in place, organizations may struggle to fill positions quickly and be forced into a costly search for external talent. Additionally, unprepared organizations may miss the opportunity to capitalize on and reward aspiring leaders ready for promotion. The best defense to minimize disruptions in leadership vacancies, whether expected or not, is preparation and execution using best practices. This applies to positions in senior leadership on up to the board.