CEO Succession Planning

Succession Planning
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luis landa
Partner, Chile

CEO Succession Planning

Companies need to have a succession plans in order to retain talents, to grow their business. But especially for the CEO. This is a most important issue; it is a going concern for the company.
The succession of the CEO should already be considered and incorporated at a high level in the policies when the company is created. All the owners and partners should agree on the procedures for such succession plan which addresses when and how to resign the CEO.

  Nihad Almahrooq
Consultant, Saudi Arabia
 

CEO Succession Planning

Succession planning is necessary for positions of this magnitude and for others as necessary. Especially when a stakeholder has a preamble intention; otherwise it is bad management and will have back fire effect.

  Olaomo Ezekiel Ademola
Student (University), Nigeria
 

Reasons for CEO Succession Planning

CEO Succession planning is so essential for any organisation because of the following reasons:
1. Tradition: the successor must understand the organisation's ethics and traditions to a large extent
2. Policies
3. Mission Statement: 1. and 2. above should be clearly understood; the importance of the organisational mission statement must be well articulated. The successor must understand, appreciate, run with, and promote the mission statement of the organisation.
4. Other reasons depending on the organization.

  Ma Angeles C Fernandez B.
Business Consultant, Mexico
 

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  Jaap de Jonge
Editor, Netherlands
 

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