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Companies must make succession planning an ongoing process

2017/2018, October 2017, More from this edition
by Boris Janjalia
Good corporate governance in a company includes succession planning as a vital element.

Organisations that can envisage continuity of business in times of exigencies such as unexpected departures of key people are possibly following best practices.

The realisation must dawn on companies to make succession planning as an ongoing process and not an adhoc event. It can serve twin purposes of maintaining continuity in leadership and developing knowledge capital for the future.