Interesting Read: Succession Planning – a Living Document

Copyright community FOCUS; Town of Aurora Ontario

Succession Planning defined: “A process for identifying and developing internal people with the potential to fill key business leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, “replacement planning” for key roles is the heart of succession planning.” Source: Wiki

Remember: “Effective succession planning creates a stable and sustainable platform that helps to guide the company forward with a solid management team to assure management succession and an ownership structure that removes uncertainty about ownership succession.

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Succession Planning Roadmap

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