Whether it’s a planned retirement or a sudden, unexpected exit, when a top leader parts ways with their company, the toll on productivity and success can be significant if you’re not prepared. According to a 2010 Stanford University study, “More than half of companies today cannot immediately name a successor to their CEO should the need arise.” Furthermore, “Only 50% have a written document detailing the skills required for the next CEO.”
For our April question of the month, we want to know if your company has a comprehensive succession plan in place. Let us know by voting in our poll.
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