Succession Planning for the CEO

CEO Succession Planning
Nihad Almahrooq, Consultant, Saudi Arabia
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.

Reasons for CEO Succession Planning
Olaomo Ezekiel Ademola, Student (University), Nigeria
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.