Succession Planning: Why your company cannot afford to wait
In recent years we began to offer services in succession planning at SpenglerFox as part of our Assessment and Development portfolio.
If you look at succession planning, many company owners and/or corporate executives view it, to a degree, similar to insurance policies. It has value: but it’s not always deemed a mission critical expenditure. Until it is (1). The consultancy firm, ProBono Australia, reports that 7 out of 10 boards they review or whose members they meet with do not have an actionable succession plan in place (even if they think they do).