CEO Succession Planning

Succession Planning
Knowledge Center


New Topic

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

CEO Transition Planning

When an organization is transitioning from one CEO (...)

  Jaap de Jonge
Editor, Netherlands

Opt for a Novice or Experienced CEO?

Executive recruiting firm Spencer Stuart performed (...)

Start a new forum topic


More on Succession Planning:
Special Interest Group

Do you have a keen interest in Succession Planning? Become our SIG Leader

Succession Planning
Knowledge Center

About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2021 12manage - The Executive Fast Track. V15.8 - Last updated: 24-10-2021. All names of their owners.