succession plan

Who Should be Involved in Succession Planning?

Effective succession planning involves multiple stakeholders:
- Board of Directors: They provide oversight and ensure alignment with the company’s strategic goals.
- Top Management: They identify key positions and potential successors.
- HR Department: They facilitate the development and training programs for potential successors.
- Employees: They should be aware of the plan and understand their potential career paths within the company.

Frequently asked queries:

What is a Succession Plan?
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What are the Steps to Develop a Succession Plan?
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